A level north west regional mock gce 2022 economics 1
A level north west regional mock gce 2022 economics 1
A curve whichshowscombinationoftwogoods a
country can produce in a given time period, with resource
fully employed is known as
A) transformation curve.
R) supply curve.
C) Engel curve.
D) indifference curve.
2. Government hospitals should provide basic health
to nil citizens. This can be considered as
A) a statement of fact.
B) a hypothesis.
C) a positive statement , .
[))a nonnative statement.. __
3. A firm employs 25 previously unemployed mechanics at
150,000 FCFA per month. What is the opportunity cost
of employing these mechanics?
A) 150,000 FCFA.
R) 3,750,000FCFA.
C) 2,750,000 FCFA.
4. Consumer sovereignty answers which of the following 100
issues in economics? 120
A) Where to produce?
B) What to produce?
C) How to produce?
D) For whom to produce?
5. The integration of firms operating in a declining
industry will likely lead to
A ) utilization of spare capacity.
B) an increase in demand.
C) rationalization of production.
D) a reduction in the practice of dumping.
6. In which of the following institutions is it very easy to
identify the entrepreneur?
A) Partnership.
B) Public corporation.
C) Public company. (
D) Cooperative society.
7. Which of the following is an example of a public good?
A) Public water tap,
B) Public monument.
C) Public library.
D) Free distribution of rice to internally displaced persons.
8. Given that the yield of a share is 12%, the rate of
dividend is equal to 20 % arid the face value is 120
,000
FCFA, what is the market value of this share?
A)24,000 FCFA.
B) 14,400 FCFA.
C )200,000 FCFA.
D) 220,000 FCFA
