The increase in the demand for a commodity may lead to a decrease in the demand for another if both are?

3 years ago

A. in complementary demand B. of the same quality C. in composite demand D. in competitive demand Correct Answer: Option…

The mining sector of an economy contributes 60% to the Gross Domestic Product(GDP). If the GDP is $540; what is the contribution of the mining sector?

3 years ago

A. $ 90.00 B. $ 180.00 C. $ 324.00 D. $ 350.00 Correct Answer: Option C = $ 324.00 Explanation…

A major disadvantage of a capitalist economy is that it?

3 years ago

A. leads to low production of goods and services B. requires large number of officials to operate C. considers individual…

A major characteristic of natural resources is that they?

3 years ago

A. are unlimited in supply B. have high cost of production C. are free gifts of nature D. do not…

There is unemployment of resources when production is?

3 years ago

A. within the production possibility curve B. outside the production possibility curve C. along the production possibility curve D. adequate…

If petrol is no longer needed to produce energy; then demand for crude oil?

3 years ago

A. will increase B. will remain constant C. may be limited to chemical industries D. will make producing countries richer…

A benefit that is present in all forms of economic integration is that?

3 years ago

A. factors of production are free to move and be moved B. common currency is in use C. common agricultural…

Given that a country’s index of export price is 180 and that of import is 200; the terms of trade is?

3 years ago

A. 0.09 B. 2.00 C. 90.00 D. 380.00 Correct Answer: Option C - 90.00 Explanation Terms of trade = Index…

The main function of the African Development Bank (AFDB) is to?

3 years ago

A. promote free trade and development among members B. provide loans to finance balance of payment problems C. provide loans…

Foreign investment and long term securities in the balance of payment accounts are recorded as?

3 years ago

A. current account transaction B. capital account transaction C. balance of trade account transaction D. invisible balance account transaction Correct…