I and II only
II and III only
I, II and III
I and III only
Correct answer is D
No explanation has been provided for this answer.
Which of the following is a disadvantage of sole proprietorship?
Does not enjoy limited liability
Decisions are easily made and implemented
Easy to set up
Enjoys secrecy
Maintains relationship with workers and customers
Correct answer is A
No explanation has been provided for this answer.
If total income is N15m and total consumption is N3m, then the average propensity to consume is
0.2
0.6
0.7
5
10
Correct answer is A
No explanation has been provided for this answer.
\(\frac{g}{16}\)
\(\frac{g}{4}\)
\(\frac{4}{g}\)
\(\frac{16}{g}\)
Correct answer is A
\(\frac{g}{R^2}\) = \(\frac{g}{4^2}\) = \(\frac{g}{16}\)
A change in National Income brought about by a given change in investment is
APC
APS
MPC
MPS
The multiplier
Correct answer is E
No explanation has been provided for this answer.