A. monopoly B. oligopoly C. monopsony D. perfect competition E. duopoly Correct Answer: Option D - perfect competition
A. increase government expenditure on the salary of the civil servants B. An increase in the proportion of the productively…
A. shift in the supply curve to the right and not to the left B. shift in supply curve to…
A. the middle-income group B. high-income group C. low-income group D. people between the middle and high-income group E. few…
A. absolute cost advantage B. absolute cost disadvantage C. comparative cost disadvantage D. comparative cost advantage E. the availability of…
A. employs about 60% of the people B. provides the highest tax revenue C. is a major foreign exchange earner…
A. direct taxation B. indirect taxation C. excise duties D. company taxes E. non-tax revenue Correct Answer: Option B -…
A. percentage rate remains constant as the tax base increases B. percentage base increases as the tax base increases C.…
A. Banker to the Government B. Banker's bank C. Acceptance of deposit from the public D. Responsibility for monetary policy…
A. Lenders earn less B. Pensioners and salary earners on fixed income suffer C. Exports tend to decline D. Savings…