March, 2022
A development plan that has an average duration of between 2 years and 5 years is known as _______.
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March, 2022 ATS Part I Economics Past Questions
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March, 2022
The ratio of the real GNP to population of a country is referred to as _______.
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March, 2022
An established arrangement by which currencies are bought and sold is known as ____.
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March, 2022
A deliberate policy of the government to reduce the external value of a domestic currency is called ______.
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March, 2022
The concept that describes a situation where people who are willing and able to work at prevailing wage rate and do not find jobs is called ______.
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March, 2022
The principle of taxation that requires every taxpayer to pay tax in proportion to his income is known as ______.
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March, 2022
The proportion of the tax base which is paid as tax is called ____.
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March, 2022
The function of money which eliminates the problem of ‘double coincidence of wants’ associated with the barter system is _____.
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March, 2022
Issuing of legal tenders in an economy is the primary function of the
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March, 2022
When Gross Domestic Product (GDP) is added to Net Factor Incomes from abroad, the result is ________.
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March, 2022
If disposable income increases from Le200 to Le1,800, and Marginal Propensity to Consume is 0.3, the change in consumption is ____.
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March, 2022
Product differentiation is an essential feature of a market structure called _____.
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March, 2022
The feature of a perfectly competitive market that makes it impossible to earn economic profits in the long run is the assumption of _________
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March, 2022
The processing of flour into bread, hides and skin into shoes are examples of ______ type of production.
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March, 2022
The surplus received by any factor of production above its opportunity cost is referred to as _________.
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March, 2022
The production period that involves a constraint by any of the inputs employed which limits the decision maker’s choices is known as _____.
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March, 2022
When the budget line is just tangent to the indifference curve, _______ is illustrated.
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March, 2022
If the quantity supplied of a commodity increases from 20 to 30 units when there is an increase in price from GH¢4.00to GH¢5.00, the coefficient of price elasticity of supply is _____
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March, 2022
The demand for goods that are close substitute is called _______.
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March, 2022
An economic unit that makes decisions regarding the production and sale of goods and services is known as a _________.
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