Macro and Micro Challenge

09/02/2024

In a public limited company , the greatest risk is borne by :
A. preference shareholders
B. the board of directors
C. ordinary shareholders
D. debenture holders

09/02/2024

Which is the most common form of money in a developing country ?
A. currency
B. bank notes
C. coins
D. cheques

08/02/2024

When a country sells goods cheaper abroad than in the home market , this is termed
A. dumping of goods
B. smuggling of goods
C. auctioning of goods
D. contraband goods

08/02/2024

How many denominations does the FCFA has
A. 6
B. 8
C. 5
D. 4

07/02/2024

A market situation in which there is only one buyer of a given commodity is refers to as :
A. Monopoly
B. Oligosony
C. Duopoly
D. Monopsony

28/01/2024

A good example of an incorporated business unit is ;
A. sole proprietor
B. partnership
C. join stock companies
D. cooperative society

28/01/2024

A country is said to be over populated when :
A. The population can not make full use of the resources
B. The resources can not fully satisfy the population
C. More people live in rural areas
D. More people live in urban areas

28/01/2024

Plantation agriculture is characterized by the
A. Cultivation of a variety of crops
B. Practice of crop rotation
C. Cultivation of food crops
D. Cultivation of only cash crops

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28/01/2024

Which of the following factors will cause supply of labour of a good to be elastic
A. Absence of substitutes
B. Immobility of factors of production
C. Low cost of production
D. Poor weather conditions

28/01/2024

The abbreviation "LTD" signifies a:
A. Private company
B. Private limited company
C. Public Company
D. Public limited company

28/01/2024

One characteristic of a developed economy is :
A. low per capita income
B. low life expectancy
C. low dependency ratio
D. low living standards

27/01/2024

The main characteristic of a good money.
A Portability
B Stability
C Acceptability
D Scarcity

26/01/2024

Economics is derived from a Greek word called ?

26/01/2024

What are the drawbacks of foreign trade ?

25/01/2024

A country is said to archive full employment when the employment rate is at ?
A 2%
B 4%
C 1%
D 3%

24/01/2024

Why is more demanded at a lower price than at a higher price ?

24/01/2024

An increase in inflation rate by 10%, causing the government to increase wages by 10% is referred to as
A Fiscal drag
B Inflationary spiral
C indexation
D Stagflation

24/01/2024

Which of the following is one of a government's macro- economic objective?
A Bank lending
B Price stability
C Exchange rate
D Labour mobility

24/01/2024

Utility is measured in ?

23/01/2024

What's the first law of demand ?