Sample Economics

When the demand for foreign exchange exceeds its supply, the value of domestic  currency

The exchange of goods and services across different countries can be described as

Short-term lending to solve balance of payments problems is the responsibility of the

One of the conditionalities for getting a loan from the international monetary fund (IMF) is

Another name for the world bank is the

The united Nations Conference on Trade and Development(UNCTAD) is a body set up to discuss

The study of economics emphasizes

The main aim of production is to

Expenses that change directly and proportionally to the changes in business activity level or volume is

The reward for risk bearing in business is

All the following are true of entrepreneur except

An economic term synonymous with unlimited wants is

All the following are U – Shaped except

The optimum population is desirable because it enables a country to attain

Which of the following factors is likely to have it supply most inelastic in the short run?

Which of these does not cause unemployment?

As the consumption of a commodity increases, the marginal utility eventually

Given a fixed cost as $500.00, the variable cost as $1500.00 and the output as 50units, what will be the average cost of producing one unit?

If X and Y are substitutes, an increase in the price of X will cause

Which of the following does not hinder the efficient distribution of goods in any West African country?