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QandA Liberia
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QandA LiberiaBeginner
Asked: March 28, 2021In: Economics

Positive checks as envisaged by Thomas Malthus can be prevented if A. marriage is abolished. B. moral restraint is adopted. C. more hospitals are built. D. death rate is reduced.

  • 0

Positive checks as envisaged by Thomas Malthus can be prevented if A. marriage is abolished. B. moral restraint is adopted. C. more hospitals are built. D. death rate is reduced.

2018economicsmoralwassce
  • 1 1 Answer
  • 29 Views
Answer
QandA Liberia
  • 2
QandA LiberiaBeginner
Asked: March 28, 2021In: Economics, High School, WASSCE

If workers at the school canteen cannot sell during the holidays, this is an example of A. structural unemployment. B. residual unemployment. C. frictional unemployment. D. seasonal unemployment.

  • 2

If workers at the school canteen cannot sell during the holidays, this is an example of A. structural unemployment. B. residual unemployment. C. frictional unemployment. D. seasonal unemployment.

2018economicstypes of unemploymentwassce
  • 1 1 Answer
  • 17 Views
Answer
QandA Liberia
  • 0
QandA LiberiaBeginner
Asked: March 28, 2021In: Economics, High School, WASSCE

Wholesalers play an important role in the distribution of goods and services because they A. pass information on from retailers to consumers. B. are located very close to consumers. C. finance both producers and retailers. D. sell in small unit to consumers.

  • 0

Wholesalers play an important role in the distribution of goods and services because they A. pass information on from retailers to consumers. B. are located very close to consumers. C. finance both producers and retailers. D. sell in small unit ...

2018distributioneconomicsgoodsserviceswassce
  • 1 1 Answer
  • 8 Views
Answer
QandA Liberia
  • 0
QandA LiberiaBeginner
Asked: March 28, 2021In: Economics, High School, WASSCE

In the event of bankruptcy, owners of joint-stock companies lose A. their private properties. B. only their dividends. C. both company and private assets. D. only the capital invested.

  • 0

In the event of bankruptcy, owners of joint-stock companies lose A. their private properties. B. only their dividends. C. both company and private assets. D. only the capital invested.

2018bankruptcyeconomicswassce
  • 1 1 Answer
  • 8 Views
Answer
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QandA Liberia
  • 0
QandA LiberiaBeginner
Asked: March 28, 2021In: Economics, High School, WASSCE

Public limited liability companies are democratic in nature because A. shareholders elect the board of directors. B. they are run by elected public officers. C. government appointees are members of the board. D. electoral principles are adopted in the day-to-day management.

  • 0

Public limited liability companies are democratic in nature because A. shareholders elect the board of directors. B. they are run by elected public officers. C. government appointees are members of the board. D. electoral principles are adopted in the day-to-day ...

2018economicsliabilitywassce
  • 1 1 Answer
  • 6 Views
Answer
QandA Liberia
  • 1
QandA LiberiaBeginner
Asked: March 28, 2021In: Economics, High School, WASSCE

In the long run, a firm must shut down if its average revenue is A. equal to the minimum average cost. B. greater than average cost. C. less than average variable cost. D. equal to the average cost.

  • 1

In the long run, a firm must shut down if its average revenue is A. equal to the minimum average cost. B. greater than average cost. C. less than average variable cost. D. equal to the average cost.

2018costeconomicsfirmwassce
  • 1 1 Answer
  • 5 Views
Answer
QandA Liberia
  • 1
QandA LiberiaBeginner
Asked: March 28, 2021In: Economics, High School, WASSCE

“The larger a firm, the lower its cost of production”, this statement explains the A. concept of economics of scale. B. law of comparative cost advantage. C. law of diminishing returns. D. theory of division of labour.

  • 1

“The larger a firm, the lower its cost of production”, this statement explains the A. concept of economics of scale. B. law of comparative cost advantage. C. law of diminishing returns. D. theory of division of labour.

2018economicsfirmproductionwassce
  • 1 1 Answer
  • 8 Views
Answer
QandA Liberia
  • 0
QandA LiberiaBeginner
Asked: March 28, 2021In: Economics, High School, WASSCE

A firm’s average cost decreases in the long run because of A. decreasing marginal returns. B. increasing returns to scale. C. diminishing average returns. D. decreasing average fixed cost.

  • 0

A firm’s average cost decreases in the long run because of A. decreasing marginal returns. B. increasing returns to scale. C. diminishing average returns. D. decreasing average fixed cost.

2018economicsfirmmarginal returnswassce
  • 1 1 Answer
  • 8 Views
Answer
QandA Liberia
  • 0
QandA LiberiaBeginner
Asked: March 28, 2021In: Economics, High School, WASSCE

A market is in equilibrium when A. there is no government intervention. B. buyers and sellers are free to sell more goods. C. there is no free entry and exit. D. the demand is the same as the supply.

  • 0

A market is in equilibrium when A. there is no government intervention. B. buyers and sellers are free to sell more goods. C. there is no free entry and exit. D. the demand is the same as the supply.

2018economicsequilibriummarketwassce
  • 1 1 Answer
  • 4 Views
Answer
QandA Liberia
  • -1
QandA LiberiaBeginner
Asked: March 28, 2021In: Economics, High School, WASSCE

A price floor is usually fixed A. above the equilibrium and causes shortage. B. above the equilibrium and causes surpluses. C. below the equilibrium and causes surpluses. D. at the equilibrium and causes no shortage.

  • -1

A price floor is usually fixed A. above the equilibrium and causes shortage. B. above the equilibrium and causes surpluses. C. below the equilibrium and causes surpluses. D. at the equilibrium and causes no shortage.

2018economicsequilibriumpriceshortagewassce
  • 1 1 Answer
  • 4 Views
Answer
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    QandA Liberia added an answer B is the correct answer because according to Thomas Malthus,… March 28, 2021 at 8:03 pm
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    QandA Liberia added an answer D is the correct answer because seasonal unemployment occurs when… March 28, 2021 at 7:59 pm
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    QandA Liberia added an answer C is the correct answer because the wholesaler is the… March 28, 2021 at 7:56 pm
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    QandA Liberia added an answer D is the correct answer because, a joint-stock company is… March 28, 2021 at 7:54 pm
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  • QandA Liberia on Positive checks as envisaged by Thomas Malthus can be prevented if A. marriage is abolished. B. moral restraint is adopted. C. more hospitals are built. D. death rate is reduced.
  • QandA Liberia on If workers at the school canteen cannot sell during the holidays, this is an example of A. structural unemployment. B. residual unemployment. C. frictional unemployment. D. seasonal unemployment.
  • QandA Liberia on Wholesalers play an important role in the distribution of goods and services because they A. pass information on from retailers to consumers. B. are located very close to consumers. C. finance both producers and retailers. D. sell in small unit to consumers.
  • QandA Liberia on In the event of bankruptcy, owners of joint-stock companies lose A. their private properties. B. only their dividends. C. both company and private assets. D. only the capital invested.
  • QandA Liberia on Public limited liability companies are democratic in nature because A. shareholders elect the board of directors. B. they are run by elected public officers. C. government appointees are members of the board. D. electoral principles are adopted in the day-to-day management.

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