Ban on importation of foreign goods
Population upsurge
The introduction of value-added tax
Increase in transport costs
Correct answer is C
No explanation has been provided for this answer.
When a firm is reaping economies of large-scale production, it experiences a fall in its
Long-run marginal cost
Long-run average cost
Long-run total cost
Short-run marginal cost
Correct answer is B
No explanation has been provided for this answer.
The Central Bank's expansionary monetary policy is justified at a period
When the inflation rate is high and the economic is experiencing a boom
Of economic depression accompanied by low capacity utilization
When trade unions are clamouring for higher wages
When price of crude petroleum is rising
Correct answer is B
No explanation has been provided for this answer.
Marginal product and average product curves rise and falls together
Marginal product equals average product at the minimum point of the latter
Average product curve will rise as product is greater than average product
Marginal product at the maximum point of the fomer
Correct answer is B
No explanation has been provided for this answer.
The most important goal of OPEC is to?
Present a united front for the purpose of raising the price of crude oil
Bring unity among the petroleum exporting states
Ensuring political stability among member states
Ensure that rules on quota producion are strictly followed
Correct answer is D
No explanation has been provided for this answer.