1. The privatization of public enterprises will lead to efficient management of resources in the economy. This statement can best be described as_____________
- A. deductive reasoning
- B. positive reasoning
- C. normative reasoning
- D. inductive reasoning
2. The type of business finance that entitles the holder to a fixed rate of dividend is______________
- A. bank load
- B. debenture
- C. preferred stock
- D. semi-fixed
3. In the long run, all production factors are____________
- A. variable
- B. fixed
- C. semi-variable
- D. semi-fixed
4. Commercial bank reserves at the Central Bank____________
- A. advancing trade, prospects
- B. controlling credit and money supply
- C. reducing bank frauds
- D. discouraging banking operations
5. If the standard deviation of a given data is 8.2, find its variance_______________
- A. 82.0
- B. 91.8
- C. 67.2
- D. 4.1
6. The ultimate objectives of economics is to_________?
- A. decide under what circumstances that government should intervene in the economy
- B. Organize production at the lowest cost
- C. Make the best use of scarce resources
- D. make efforts to understands how the economy works
7. The savings deposit in a commercial bank is called____________?
- A. near money
- B. call money
- C. capital
- D. fund
8. A major determinant of the demand for a luxury good is____________?
- A. the price of other goods
- B. the price of the good
- C. tastes and fashion
- D. the income of consumers
9. When a variable is associated with time period, it is_____________
- A. circular
- B. a flow
- C. static
- D. a stock
10. The factor of production that has the highest degree of mobility is__________?
- A. entrepreneurship
- B. land
- C. labour
- D. capital
