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3101
Individuals who buy new shares in anticipation of reselling at higher prices in the stock exchange market are called
  • A. bears
  • B. brokers
  • C. bulls
  • D. jobbers
  • E. stags
View Answer & Discuss (3) NECO 2004
3102
The excess profit made by a firm in a competitive market situation in the short-term is known as
  • A. break even
  • B. marginal profit
  • C. net profit
  • D. normal profit
  • E. super normal profit
View Answer & Discuss NECO 2004
3103
The amount of money required for the day-to-day running of a business is known as
  • A. economics capital
  • B. fixed capital
  • C. paid- up capital
  • D. reserve capital
  • E. working capital
View Answer & Discuss NECO 2004
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3104
Which of the following is NOT a factor to be considered in siting an industry in a particular area?
  • A. access to raw material
  • B. availability of recreational facilities
  • C. market
  • D. sources of power
  • E. transport facilities
View Answer & Discuss (1) NECO 2004
3105
Arrangement of wants in order of importance is brought about by
  • A. excess supply of goods
  • B. interest in doing so
  • C. scarcity of resources
  • D. opportunity cost
  • E. limited wants
View Answer & Discuss (4) NECO 2004
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