Inapakia....
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Swali 1 Ripoti
The minimum number of share holders for joint stock companies is_______________
Maelezo ya Majibu
Swali 2 Ripoti
The transfer of public share holding in corporations to private enterprise is___________?
Swali 3 Ripoti
An economy in which both the public and private sectors contribute to economic growth is a__________?
Swali 4 Ripoti
Swali 5 Ripoti
The privatization of public enterprises will lead to efficient management of resources in the economy. This statement can best be described as_____________
Maelezo ya Majibu
Swali 6 Ripoti
Swali 7 Ripoti
The mean is the best measure of central tendency because it__________
Swali 8 Ripoti
The main concern of economists is to________
Economics seeks to study the relationship between ends and means. Ends are unlimited while the means are limited. Scarcity means resources are limited in relation to the ends. Economics therefore seek is concerned with allocating limited resources among the competing and unlimited wants.
Swali 9 Ripoti
The factor of production that has the highest degree of mobility is__________?
Swali 10 Ripoti
Swali 11 Ripoti
Swali 12 Ripoti
Swali 14 Ripoti
Concentrating industries in one place is advantageous because there are gains in terms of_____________
External economies of scale are economies of scale which a firm enjoys by virtue of being in an industry or environment where for instance, similar firms are located, as this question asks about. They are still economies of scale though, so technically B could also be correct. This is one of those tricky questions.
Swali 15 Ripoti
| X | 8 | 10 | 12 | 16 | 18 | 20 | 24 |
| F | 2 | 1 | 4 | 3 | 3 | 1 | 6 |
From the table, Calculate the mean?
Mean= ∑fx/∑f
=(16+10+48+48+54+20+144)/(2+1+4+3+3+1+6)
=340/20
=17.0
By calculation, the mean of the distribution is not 18
Swali 16 Ripoti
If the price per unit is N2, what is the average revenue when 6 men are employed?
Average revenue is obtained by dividing the total revenue by the number of units sold. Thus we have;
660/6 = 110
Swali 17 Ripoti
When elasticity is zero, the demand curve is_____________
Swali 18 Ripoti
Swali 19 Ripoti
Swali 20 Ripoti
From the table, Calculate the median___________
When a group data is involved, cumulative frequency is used. The formula will be:
Median=[(N+1)/2]th
For member of odd number items. That is, where N is odd
Median=([N/2[N/2+1]th)/2
For member of odd number items. That is, where N is odd
Solution:
| X | 8 | 10 | 12 | 16 | 18 | 20 | 24 |
| F | 2 | 1 | 4 | 3 | 3 | 1 | 6 |
| Cumulative Frequency | 2 | 3 | 7 | 10 | 13 | 14 | 20 |
When a group data is involved, cumulative frequency is used. The formula will be:
Median=[(N+1)/2]th
For member of odd number items. That is, where N is odd
Median=([N/2[N/2+1]th)/2
For member of odd number items. That is, where N is odd
Solution:
Swali 21 Ripoti
Swali 22 Ripoti
Given the table, if the total budget of the country to be 100 million naira, what is the ratio of expenditure on manufacturing to agriculture
Total budget = N100,000,000
Portion of pie chart covered in degree = 360
Expenditure on manufacturing = x/N100,000,000 × 3600 = 360
3600x = 360 × N100,000,000
x = 360×N100,000,000/3600
x=N10,000,000
Therefore, the budget allocated to Manufacturing is N10,000,000
Total budget = N100,000,000
Portion of pie chart covered in degree = 720
Expenditure on Agriculture = x/N100,000,000 × 3600 = 720
3600x = 720 × N100,000,000
x = 720 × N100,000,000/3600
x = N20,000,000
Therefore, the budget allocated to Agriculture is N20,000,000
Ratio of expenditure on Manufacturing to Agriculture;
Ratio = 10,000,000:20,000,000
=1:2
Swali 24 Ripoti
Which of the following is an invisible item?
Swali 25 Ripoti
A country's budget allocation to various sectors of the economy is shown in the pie chart.
If the budget of the country was $7,200.00, how much is allocated to education?
Swali 26 Ripoti
Swali 27 Ripoti
The need to construct a scale of preference is necessitated by____________
Swali 28 Ripoti
A country's budget allocation to various sectors of the economy is shown in the pie chart.
What is the ratio of expenditure of health to Agriculture?
Total budget =$7,200
Expenditure on Health = x/$7200 × 3600 = 600
3600x = 600 × $7200
x = 600×$7200/3600
x = $1,200
Therefore, the budget allocated to Health is $1,200
Expenditure on Agriculture =x /$7200 × 3600 = 800
3600x = 800 × $7200
x = 800 × $7200/3600
x=$1,600
Therefore, the budget allocated to Agriculture is $1,600
Ratio of expenditure on Health to Agriculture;
Ratio=1200:1600
=3:4
Swali 29 Ripoti
A capital market differs from the money market in that in the former _____?
Swali 30 Ripoti
Swali 31 Ripoti
Swali 32 Ripoti
From the diagram shown, the optional point of production is_____________?
Maelezo ya Majibu
Swali 33 Ripoti
Swali 34 Ripoti
Swali 36 Ripoti
The ultimate objectives of economics is to_________?
Swali 37 Ripoti
Swali 38 Ripoti
When a variable is associated with time period, it is_____________
Swali 39 Ripoti
Given that Y = C + 1, where C = 50 + 0.75 and 1 = N45m, what is the equilibrium level of income?
Y = C + I
Y = 50 + 0.75 + 45
Y - 0.75 = 50 + 45
Y (1 - 0.75) = 95
0.25y = 95
Y = 95/0.25
Y = 380
Swali 40 Ripoti
Je, ungependa kuendelea na hatua hii?