economics

In international trade, shipping and other freight charges are treated as?

A. invisible items B. unilateral transfers C. capital transactions D. autonomous capital transactions Correct Answer: Option A - invisible items

5 years ago

The national income of a country indicates that the gross domestic production was N17 700 million and gross domestic product was N16 800 million. The difference of N900 million represents?

A. debt repayment B. investments abroad C. net income from abroad D. capital consumption Correct Answer: Option C - net…

5 years ago

Taxes and government expenditures are instrument of?

A. monetary policy B. tax policy C. economic policy D. fiscal policy Correct Answer: Option D - fiscal policy

5 years ago

Progressive tax structure is designed to?

A. take more from the income of the poor B. take more from the income of the rich C. take…

5 years ago

Monetary policy aimed at reducing demand-pull inflation in the country maybe carried out through?

A. increase in taxation of private companies, public corporations, and private individuals B. increase in cash reserve ratio of commercial…

5 years ago

The main objective of the Economic Community of West African State is to?

A. estabilish a West African Development Bank B. create a West African army C. introduce a common currency for the…

5 years ago

One of the techniques for rectifying a deficit balance of payment is?

A. import promotion B. devaluation C. physical intervention D. borrowing from abroad Correct Answer: Option B - devaluation

5 years ago

If national income rises by 6% and population rise by 3%, per capita income will?

A. rise by 6 percent B. fall by 3 percent C. fall by 6 percent D. rise by 3 percent…

5 years ago

A sustained increase in the production of goods and service in a country is called economic?

A. development B. growth C. diversification D. planning Correct Answer: Option B - growth

5 years ago

One of the ways by which the government can speed up economic development is through the?

A. increase in consumption pattern of the people B. encouragement of savings, investment and equitable distribution of goods and services…

5 years ago