11- which of the following is an invisible item. (a) banking services (b) petroleum products...

11- which of the following is an invisible item. (a) banking services (b) petroleum products (c) processed rice (d)processed milk.

12- The satisfaction derived from the use of a commodity is it's (a) demand (b) elasticity (c) wealth (d) utility.

13- long-term loan can be secured from ....
(a) commercial banks (b) discount houses (c) development banks (d) acceptance houses.

14- The reward which accrues to labour for participating in production is (a) interest (b) wage (a) bonus (d) profit.

15- The net national product (NNP) is gross national product less (a) domestic product (b) foreign product (c) depreciation (d) investment.

16- A continuous fall in the general price level is called (a) recession (b) depression (c) deflation (d) stagflation.

17- The theory of deminishing marginal utility states that as more units of a commodity are consumed, the (a) satisfaction from an extra unit decreases (b) satisfaction from an extra unit rises (c) satisfaction from an extra unit remains constant (d) total satisfaction from the good remain the same.

18- Revenue is the (a) cost of good multiplied by the quantity sold (b) price of good multiplied by the quantity sold (c) quantity of goods plus purchase price (d) quantity supplied less quantity sold.

19- Equilibrium price is the price at which quantity (a) demand is greater than quality supplied (b) supplied is greater than quantity demanded (c) demanded is equal to quantity supplied (d) supplied equals quantity produced.?

2 Answers Available
Asked by King_fred on 16th June, 2020