Economics 2010 | Study Mode

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Question 41
A
make profit
B
satisfy basic human wants
C
redistribute wealth
D
put inputs into use
Explanation

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Correct option: B
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Question 42
A
debit on Japan's balance of payments
B
credit on Japan's balance of payments
C
credit on Nigeria's balance of trade
D
credit on Nigeria's balance of payment
Explanation

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Correct option: B
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Question 43
A
provide subsidies on imported goods to member countries
B
mobilize short-term loans for member countries
C
promote economic and social development of member countries
D
provide technical assistance to only poor member countries
Explanation

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Correct option: C
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Question 44
A
level of technical know-how
B
rate of propulation growth
C
availability of natural resources
D
level of income
Explanation

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Correct option: A
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Question 45
A
number of skilled labour available
B
skill of labour
C
marginal productivity of labour
D
price of the inputs
Explanation
The demand for an additional amount of labour depends on the Marginal Revenue Product (MRP)

Correct option: C
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Question 46
A
33.3%
B
20.0%
C
11.0%
D
50%
Explanation

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Correct option: D
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Question 47
A
50%
B
25%
C
8%
D
80%
Explanation

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Correct option: D
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Question 48
A
36
B
12
C
1
D
72
Explanation

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Correct option: A
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Question 49
A
\(\frac{\text{Money supply}}{\text{Real GDP}}\)
B
\(\frac{\text{Real GDP}}{\text{Money supply}}\)
C
\(\frac{\text{Nominal GDP}}{\text{Money supply}}\)
D
\(\frac{\text{Real GDP}}{\text{Nominal GDP}}\)
Explanation

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Correct option: C

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