ECONOMICS 7th March (6.30am-2.30pm)

* 22
* isoquant is tangent to the isocost
* #1.67
* downward sloping
* ordinary shareholders
* efficiency in pricing and distribution of the products
* scarcity of resources
* indifference map
* industrial activities
* long-term financial instruments
* IMF
* scarcity, choice, scale of prererence and opportunity cost
* demand and supply forces
* devalue a country’s currency
* C+I+G(X+M)
* 42.0
* the forces of demand and supply
* price mechanism
* price to be constant
* MP = 0
* level of income
* stagflation
* shares are easily transferred
* 200%
* 10
* a contraction of employment in service industries
* credit facilities to farmers
* over dependence on oil
* have a very strong capital base
* cost of production
* reaches a minimum
* generate revenue
* distribute income equitably
* low level of standard of living
* 32
* raw materials
* lower level of industrial development
* ineffective use of stabilization measures
* S
* few sellers
* 150
* money market
* M
* rise
* %change in quantity supplied/%change in price
* the level of savings
* increasing bank lending rate
* 70.6
* a decrease in price and an increase in quantity
* an increase in equilibrium price and a decrease in equilibrium quantity

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