UNIZIK Economics 2013/2014 Day 2 Past Questions

Excess demand inflation can be controlled through

The equilibrium wage in an economy is determined by the

As a firm increases its output, the average fixed cost

External finance for a limited liability company is mainly sourced through

As a country gets more developed, the percentage of labour engaged in agriculture tends to

The tax levied on goods and services at each stage of production is

A major cause of the slow pace of industrialization in Nigeria is inadequate

Import duty concessions on industrial outputs directly benefits

At the maximum point of the total product curve of a firm, marginal revenue is

A capital market differs from the money market in that in the former

An aspect of taxation that involves normative economics is the

In a small business, the fixed cost is N5,000 while the variable cost is N15,000, and the output is 500 units. what will be the unit of cost of goods?