UNN Economics 2012/2013 Past Questions

Given that the total fixed cost is 1,000, total variable cost is 2,500 and the output 100 units. The average cost of producing one unit is

The value of the multiplier depends on

External diseconomies of scale result from excessive growth of

A country with over-valued currency will

In the short run, a firm's marginal cost curve above the point of shut-down is its

In a planned economy, the emphasis is on

To compare the standard of living among nations, the most widely used economic indicator is the

When the importation of a commodity is limited to a definite quantity, the trade control means used is known as

A firm operating at full capacity will experience rising short-run total costs when

The distinction between onshore and offshore operation lies in the

The burden of a government tax on a commodity whose demand is inelastic will

A major advantage of industrialization is that it

A firm operating at full capacity will have a

The movement of people from rural to urban areas affects the

The export-promotion strategy is aimed at producing