One of the fundamental differences between a capitalist and a socialist economy is that while __________
A. The former is characterized by complete government ownership of resources, the latter is characterized by complete private ownership B. In the former, prices act as signal in the application of resources, it is the central authority that performs this function in the latter C. Taxes are levied in a capitalist economy, there is no taxation in a socialist economy D. Income and wealth are equally distributed in the socialist economy, this is not so in a capitalist economy
[B] In the former, prices act as signal in the application of resources, it is the central authority that performs this function in the latter
With a given level of money income, a consumer maximizes satisfaction from the consumption of goods and services when the ____________
A. Total utility derived from each good or service is increasing at an increasing rate B. Marginal utility derived from each good or service is increasing at the same rate C. Marginal utility derived per naira spent is the same for all the goods and services D. Total utility derived from all the goods and services is large
[C] Marginal utility derived per naira spent is the same for all the goods and services
The reason why hospitals use saline solutions as drip instead of water is
A. Because salt is a preservative B. To prevent contamination of the body C. To maintain the composition of body fluids D. To increase the number of blood cells
[C] To maintain the composition of body fluids
Spectacles with convex lenses correct long-sightedness by
A. Converging the light rays before they enter the eye B. Diverging the light rays before they enter the eye C. Reducing light intensity before it enters the eye D. Increasing light intensity before it enters the eye
[A] Converging the light rays before they enter the eye
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She showed-------to him even though she had only met him.
A. Affinity B. Pull C. Aversion D. Faith
Mr Raymond deciphered their plan after hard thinking.
A. Dug up B. Discovered C. Unravelled D. Replace
During the colonial era, who was the link btw the British government and the colonial government?
A. Colonial government B. Secretary of colonies C. Legislative assembly D. The governor general
[B] Secretary of colonies
Thrombocytes are blood cells responsible for initiating
A. Phagocytosis of bacteria B. Synthesis of ribosomes C. Clothing of blood D. Immunity to certain infection
[C] Clothing of blood