economics

Scarcity in economics means?

A. shortage of commodity B. unlimited demands for consumer goods C. limited supply of goods and services D. total absence…

5 years ago

Economics is a social science which studies how?

A. to redistribute income B. human beings behave C. the market price is fixed D. scarce resources are allocated to…

5 years ago

The primary objective of all international economic organizations is to?

A. ensure that third world countries get a better share of the world's resources B. promote international economic co-operation for…

5 years ago

Foreign exchange rate in a free market economy is determined by?

A. the government B. the Central Bank C. demand and supply D. commercial banks Correct Answer: Option C - demand…

5 years ago

The demand made on each other by the agriculture and industrial sector as the economy grows are reflected in?

A. backward and forward linkages B. horizontal and vertical linkages C. vertical linkages D. functional linkages Correct Answer: Option A…

5 years ago

An increasing population might be of economic benefit to a country if?

A. the female population is greater than the male population B. the dependency ratio is increasing as the total population…

5 years ago

Which of the following is mostly used to determine the cost of living?

A. Marginal changes in prices B. Consumer price index C. Prices of imported and exported commodities D. producer price index…

5 years ago

Which of the following is the cheapest for the government in improving the welfare of its citizens?

A. Subsidy B. Income supplement C. Donation to specific projects D. Wages increase Correct Answer: Option C - Donation to…

5 years ago

One method through which the Central Bank can restrict the commercial banks’ power of credit expansion is to?

A. demand for increased special deposit B. decrease the cash ratio C. buy securities in the open market D. reduce…

5 years ago

A bank is said to be distressed when it?

A. is unable to deal with the Central Bank B. has a low level of the capital base C. has…

5 years ago