The main difference between a private and a public enterprises is the

A. amount of profit realized

B. mode of operation

C. objective of the business

D. ownership structure

The total amount of money raised by a company through issuance of shares to the public is

A. debentures

B. nominal capital

C. ordinary shares

D. paid-up capital

Buying and selling of shares is a function performed mostly by the

A. insurance companies

B. stock exchanges

C. merchant banks

D. discount houses

Which of the following is not a reason for establishing public enterprises?

A. discouraging investors

B. opening up neglected parts of the country

C. effective control of a natural monopoly

D. rapid economic development

For a monopolist, the average revenue (AR) curve is

A. above the total curve

B. the same as the marginal cost curve

C. above the marginal revenue curve

D. the same as that of the perfect competitor

Advertising expenses would not be necessary under perfect competition because

A. consumers would have complete knowledge of goods

B. cost of production would be at the maximum level

C. every firm would enjoy the benefits of large scale production

D. income of the consumers in the community would be high

The equilibrium level of output of a monopolist is determined at a point where

A. marginal cost equals average revenue

B. marginal cost equals acerage cost

C. marginal cost equals marginal revenue

D. marginal revenue equals average cost

Which of the following is a legal tender in West Africa?

A. Treasury Bill

B. Share

C. Credit card

D. Currency

The policy of government to increase the supply of money to meet its own expenditure plans is likely to be

A. speculative

B. deflationary

C. inflationary

D. contractionary

The tendency for prices to rise while the value of money fall is known as

A. bills of exchange

B. inflation

C. depreciation

D. deflation