Adex097: Happy sunday guys
1)ma A earns #300 and pays #15 in tax Mr B earns #100 and pays #6 in tax. This tax system can be described as
a. Proportional tax
b. Progressive tax
c. Competitive tax
d. Excise tax
e. Regressive tax


2)when we draw a market demand curve, we
a. Ignord tastes, incomes and all other price
b. Assume that taste, incomes and other prices do not matter
c. Assume that tastes, income and all other prices chnge in thd same direction as prices
d. Assume that tastes income and al other prices remain constant
e. Both (a) & (b)



3)which of the following taxes appear generally progressive in nature?
a. Sales taxes
b. The personal incme taxes
c. Property taxes
d. Corporate taxes
e. None of the above


4)in a limited liability company, the greatest risk is borne by
a. Shareholders debentures
b. Company executives
c. Ordinary shareholders
d.preference shareholders
e. Board of directors

Adex097: thanks bro...we expecting you soon

Adex097: Happy sunday guys
1)ma A earns #300 and pays #15 in tax Mr B earns #100 and pays #6 in tax. This tax system can be described as
a. Proportional tax
b. Progressive tax
c. Competitive tax
d. Excise tax
e. Regressive tax


2)when we draw a market demand curve, we
a. Ignord tastes, incomes and all other price
b. Assume that taste, incomes and other prices do not matter
c. Assume that tastes, income and all other prices chnge in thd same direction as prices
d. Assume that tastes income and al other prices remain constant
e. Both (a) & (b)



3)which of the following taxes appear generally progressive in nature?
a. Sales taxes
b. The personal incme taxes
c. Property taxes
d. Corporate taxes
e. None of the above


4)in a limited liability company, the greatest risk is borne by
a. Shareholders debentures
b. Company executives
c. Ordinary shareholders
d.preference shareholders
e. Board of directors

Adex097: Happy sunday guys
1)ma A earns #300 and pays #15 in tax Mr B earns #100 and pays #6 in tax. This tax system can be described as
a. Proportional tax
b. Progressive tax
c. Competitive tax
d. Excise tax
e. Regressive tax


2)when we draw a market demand curve, we
a. Ignord tastes, incomes and all other price
b. Assume that taste, incomes and other prices do not matter
c. Assume that tastes, income and all other prices chnge in thd same direction as prices
d. Assume that tastes income and al other prices remain constant
e. Both (a) & (b)



3)which of the following taxes appear generally progressive in nature?
a. Sales taxes
b. The personal incme taxes
c. Property taxes
d. Corporate taxes
e. None of the above


4)in a limited liability company, the greatest risk is borne by
a. Shareholders debentures
b. Company executives
c. Ordinary shareholders
d.preference shareholders
e. Board of directors

Emmy35: I'm still struggling with Econs sha

adetola31: . Hahahaha.. Struggling indeed.. And u getting d answas rite.

adetola31: . Hahahaha.. Struggling indeed.. And u getting d answas rite.

Emmy35: I still tremble wen i see calculations and i haven't finished reading the textbook. I'm supposed to read it at least 2 tyms but All is Well!!!!!

Fynestboi: emmy ur face scarce 4 govt thread.. Wat appen?

Emmy35: Nothing oh, i'm just viewing and learning

Emmy35: I still tremble wen i see calculations and i haven't finished reading the textbook. I'm supposed to read it at least 2 tyms but All is Well!!!!!

Adex097: 1) If p2 and p9 represent the population of west africa in 1978 and 1979 respectively and given that in 1979. D=number of deaths B=number of births, I=number of immigrants E=number of emigrants.
Then the size of the population in 1973 is.
A. P9+D-B+I-E
B. P9=P2+B-D+I-E
C. P9=P2+B-D+E-I
D. P9=B-D+I-E
E. P9=P2+B+D+I+E

2) Given that the cash ratio is 10%, what is the maximum amount of money that the banking system can create from an initial deposit of #1,000.00
A. #100.00
B. #1000.00
C. #9000.00
D. #10,000.00

3)Find the total credit that the banking system can create if primary deposits is just #100.00 while the cash ratio is 20%
A. #700.00
B. #600.00
C. #500.00
D. #400.00

4) given a market demand curve Q=120-2p and a supply curve Q=4p, the equilibrium price and quantity are
A. 20 and 80
B. 30 and 120
C. 40 and 60
D. 60 and 240

Adex097: Punch those calculators guys!!!! @sirbussy I see you o

Adex097: Punch those calculators guys!!!! @sirbussy I see you o

Adex097: 1) If p2 and p9 represent the population of west africa in 1978 and 1979 respectively and given that in 1979. D=number of deaths B=number of births, I=number of immigrants E=number of emigrants.
Then the size of the population in 1973 is.
A. P9+D-B+I-E
B. P9=P2+B-D+I-E
C. P9=P2+B-D+E-I
D. P9=B-D+I-E
E. P9=P2+B+D+I+E

2) Given that the cash ratio is 10%, what is the maximum amount of money that the banking system can create from an initial deposit of #1,000.00
A. #100.00
B. #1000.00
C. #9000.00
D. #10,000.00

3)Find the total credit that the banking system can create if primary deposits is just #100.00 while the cash ratio is 20%
A. #700.00
B. #600.00
C. #500.00
D. #400.00

4) given a market demand curve Q=120-2p and a supply curve Q=4p, the equilibrium price and quantity are
A. 20 and 80
B. 30 and 120
C. 40 and 60
D. 60 and 240

Adex097: 1) If p2 and p9 represent the population of west africa in 1978 and 1979 respectively and given that in 1979. D=number of deaths B=number of births, I=number of immigrants E=number of emigrants.
Then the size of the population in 1973 is.
A. P9+D-B+I-E
B. P9=P2+B-D+I-E
C. P9=P2+B-D+E-I
D. P9=B-D+I-E
E. P9=P2+B+D+I+E

2) Given that the cash ratio is 10%, what is the maximum amount of money that the banking system can create from an initial deposit of #1,000.00
A. #100.00
B. #1000.00
C. #9000.00
D. #10,000.00

3)Find the total credit that the banking system can create if primary deposits is just #100.00 while the cash ratio is 20%
A. #700.00
B. #600.00
C. #500.00
D. #400.00

4) given a market demand curve Q=120-2p and a supply curve Q=4p, the equilibrium price and quantity are
A. 20 and 80
B. 30 and 120
C. 40 and 60
D. 60 and 240

Adex097: 1) Ajanka, a medical student entitled to an annual allowance of #6000 , decided to leave the university to take up a job where he earns #7000 per annum. By this singlular act, the national income level will.
A. Increase by #1000
B. Decrease by #7000
C. Increase by #7000
D. Increase by #13,000

2) In a small scale business, the fixed cost is £5000, variable cost is £15000 and the output is 500 units.
What will be the unit cost of the goods?
A. £20
B. £40
C. £80
D. £400

3)If united state of america buys gold for $60 an ounce and Nigeria buys the same ounce for #500, what will be USA's exchange rate with Nigeria?
A. $0.12 = #1.00
B. $0.11 = #1.00
C. $0.06 = #1.00
D. $0.05 = #1.00

4) A country's import price index by 1995 was 50 and her index of export price was 70. Calculate the terms of trade.
A. 20%
B. 71%
C. 120%
D. 140%

5)If the arithmetic mean of 1,2,5,6,x,16 and 18 is 8.0, find the value of x.
A. 7.0
B. 6.0
C. 8.5
D. 8.0


*in serkodie's voice* you know say econs.
no be problem.


GOODLUCK!!!

Adex097: 1) Ajanka, a medical student entitled to an annual allowance of #6000 , decided to leave the university to take up a job where he earns #7000 per annum. By this singlular act, the national income level will.
A. Increase by #1000
B. Decrease by #7000
C. Increase by #7000
D. Increase by #13,000

2) In a small scale business, the fixed cost is £5000, variable cost is £15000 and the output is 500 units.
What will be the unit cost of the goods?
A. £20
B. £40
C. £80
D. £400

3)If united state of america buys gold for $60 an ounce and Nigeria buys the same ounce for #500, what will be USA's exchange rate with Nigeria?
A. $0.12 = #1.00
B. $0.11 = #1.00
C. $0.06 = #1.00
D. $0.05 = #1.00

4) A country's import price index by 1995 was 50 and her index of export price was 70. Calculate the terms of trade.
A. 20%
B. 71%
C. 120%
D. 140%

5)If the arithmetic mean of 1,2,5,6,x,16 and 18 is 8.0, find the value of x.
A. 7.0
B. 6.0
C. 8.5
D. 8.0


*in serkodie's voice* you know say econs.
no be problem.


GOODLUCK!!!

Adex097: 1) Ajanka, a medical student entitled to an annual allowance of #6000 , decided to leave the university to take up a job where he earns #7000 per annum. By this singlular act, the national income level will.
A. Increase by #1000
B. Decrease by #7000
C. Increase by #7000
D. Increase by #13,000

2) In a small scale business, the fixed cost is £5000, variable cost is £15000 and the output is 500 units.
What will be the unit cost of the goods?
A. £20
B. £40
C. £80
D. £400

3)If united state of america buys gold for $60 an ounce and Nigeria buys the same ounce for #500, what will be USA's exchange rate with Nigeria?
A. $0.12 = #1.00
B. $0.11 = #1.00
C. $0.06 = #1.00
D. $0.05 = #1.00

4) A country's import price index by 1995 was 50 and her index of export price was 70. Calculate the terms of trade.
A. 20%
B. 71%
C. 120%
D. 140%

5)If the arithmetic mean of 1,2,5,6,x,16 and 18 is 8.0, find the value of x.
A. 7.0
B. 6.0
C. 8.5
D. 8.0


*in serkodie's voice* you know say econs.
no be problem.


GOODLUCK!!!

papindinho: Adex could you please explain the number 3 of the correction u solved.

Adex097: I'm not quite sure of the question you referring to ..maybe you should repost the question

papindinho: 3)Find the total credit that the banking
system can create if primary deposits is
just #100.00 while the cash ratio is 20%
A. #700.00
B. #600.00
C. #500.00
D. #400.00

Adex097: 1) Ajanka, a medical student entitled to an annual allowance of #6000 , decided to leave the university to take up a job where he earns #7000 per annum. By this singlular act, the national income level will.
A. Increase by #1000
B. Decrease by #7000
C. Increase by #7000
D. Increase by #13,000

2) In a small scale business, the fixed cost is £5000, variable cost is £15000 and the output is 500 units.
What will be the unit cost of the goods?
A. £20
B. £40
C. £80
D. £400

3)If united state of america buys gold for $60 an ounce and Nigeria buys the same ounce for #500, what will be USA's exchange rate with Nigeria?
A. $0.12 = #1.00
B. $0.11 = #1.00
C. $0.06 = #1.00
D. $0.05 = #1.00

4) A country's import price index by 1995 was 50 and her index of export price was 70. Calculate the terms of trade.
A. 20%
B. 71%
C. 120%
D. 140%

5)If the arithmetic mean of 1,2,5,6,x,16 and 18 is 8.0, find the value of x.
A. 7.0
B. 6.0
C. 8.5
D. 8.0


*in serkodie's voice* you know say econs.
no be problem.


GOODLUCK!!!