Question 4576:

The pnce of a commodity is determined by the ____________

A. Supplier
B. Consumer
C. Quantity of goods demanded
D. Interaction of demand and supply

Question 4577:

In which of the following economic systems is the consumer referred to as ,The King"?

A. Planned economy
B. Mixed economy
C. Traditional economy
D. Free Market economy

Question 4578:

As interest rate increases ____________

A. Investment declines
B. It is not certain what happens to investment
C. Investment increases
D. Investment remains constant

Question 4579:

The three major agents of an economic system are the ____________

A. Consumer, workers and producers
B. Markets, telecommunication and banks
C. Schools, hospital and universities
D. Individuals, firm and government

Question 4580:

Which of the following is not an advantage of tabular presentation of data?

A. Enables easy location of required figures
B. Makes for easy comparison of figures
C. Occupies more space than mathematical equation
D. Shows whether the figures are increasing or decreasing