A production possibility curve shows the
Resources used to produce a particular commodity
Possible combinations of two commodities
Rate of inflation
Rate of unemployment in the country
Tabular illustration of production possibilities
Correct answer is B
No explanation has been provided for this answer.
In a given set of data, if the variance is 25, what is the standard deviation?
45
5
55
10
12
Correct answer is B
No explanation has been provided for this answer.
The amount of satisfaction per unit of the commodity consumed is called
Average cost
Average utility
Marginal cost
Marginal utility
Total utility
Correct answer is B
No explanation has been provided for this answer.
Plantation farming can best be defined as cultivation of
Crops using hoes and cutlasses for farming
Food crops for personal consumption
Food for use by the family
Large scale farms of cash crops
Livestock for commercial purposes
Correct answer is D
No explanation has been provided for this answer.
The equation MV PT is known as
Demand and supply equation
Equilibrium equation
Equation of exchange
Money supply equation
Price index numbers
Correct answer is D
No explanation has been provided for this answer.