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A consumer purchasing a commodity X will maximize his satisfaction if
price fixed above the equilibrium is to
if the current price of an apple is twice that of last year, it implies that the value of money is
A supply curve which is vertical has an elasticity co-efficient of
Palm oil and palm kernel have
If a 20% rise in price of Whiskey leads to a 30% increase in quantity demanded of Schnapps, the cross elasticity of demand is
The co-efficient of income elasticity of demand for inferior goods is
A normal demand curve slopes
An arrangement of data in rows and columns is referred to as
The production possibility curve (PPC) indicates that as more of one good is produced.
The difference between the money cost and the real cost of any item is that
Human wants are
Which of the following is not an international economic organization?
Which of the following is not a member of the Economic Community of West African State (ECOWAS)?
In order to stabilize oil price in the world market, there is the need for OPEC members to
A country's balance of payment is deficit when
Which of the following group of accounts make up the balance of payments?
Dumping means the selling of a good in a foreign market at a price that is
When the demand for a good is fairly inelastic, the burden of an indirect tax falls
A component of the national debt of a country is