The problem of small markets in West Africa can be solved through

A. separate planning among the West African countries

B. meaningful- co-operation among the West African countries

C. political stability in West Africa

D. imposing of high tarrifs on West African exports

E. the central banks of West African countries

An imperfect competitor is in equilibrium when

A. Marginal cost (MC) is equal to Marginal Revenue (MR)

B. Marginal Revenue (MR) equal to Price (P)

C. Average Revenue(AR) is equal to Average Cost (AC)

D. Output (Q) is equal to Average Revenue (AR)

E. Average Revenue (AR) is equal to Marginal Revenue (MR)

Which of the following is used to measure inflation?

A. Opem market operation

B. Cash-deposit ratio

C. price index

D. Multiplier

E. Fiscal policy

If a government which owned a company N10,000 in 19196 paid the debt fully in 1985 when the value of money has depreciated by 20 Percent , such a government had

A. lost

B. been placed at par with the company

C. gained

D. stabilizing the value of money

E. increased the value of money

Banks create money by

A. giving drafts to customers

B. printing more money

C. lending our deposits to borrowers

D. issuing cheques

E. depositing exes cash in the trills

The West African house was established to

A. finance development projects in Africa

B. enhance financial transaction among memebers countries

C. provide technical assistance to memebers countries

D. stabilize price in developing countries

E. service the debts of the African Countries

Which of the following is a factor affecting the size of national income?

A. size of the active population

B. taste of the consumers

C. Number of registered trade unions

D. Credit-worthiness of the neighbouring countries

E. Regularity of payment of national debt

The expenditure of a firm on goods and services for the expansion of its productive capacity is known as

A. income

B. investment

C. savings

D. profits

E. interest

An increase in marginal propensity to save will lead to

A. an increase in marginal propensity to consume

B. a decrease in the level of consumption

C. an immediate decrease in the net national income

D. an increase in the level of consumption

E. a decrease in the level of savings

Progressive system of taxation implies that the

A. poor pay relatively more

B. tax rate falls as the tax base increases

C. tax rate increases as the tax base increases

D. average and marginal rate of tax will be the same

E. rich and the poor pay the same amount as tax