economics

One of the instruments of protection of infants industries is the?

A. price control board B. open market operation C. tariff D. GDP-deflator E. multiplier Correct Answer: Option C - tariff

5 years ago

The actual output of an economy is the output?

A. which would exist if all resources were fully employed B. produced by currently employed labour capital and land C.…

5 years ago

Which of the following will not increase the population of a country?

A. an increase in the birth rate B. a decrease in the death rate C. better medical services D. immigration…

5 years ago

The situation whereby government revenue is less than government expenditure is referred to as?

A. budget deficit B. balanced budget C. budget surplus D. budget statement E. unfavourable budget Correct Answer: Option A -…

5 years ago

A stock exchange is a market that?

A. deals with the exchange of commodities B. deals with purchase and sales of securities C. exchanges stockfish for lady…

5 years ago

If the price of product K declines, the demand curve for the complementary product J will?

A. remain unchanged B. shift to the right C. decrease D. shift to the left E. slopes upwards Correct Answer:…

5 years ago

In the long-run, potential GNP is variable because?

I. technological change takes place II. the quantity of labour and capital is not fixed III. unemployment is not constant…

5 years ago

When the death rate for old people and the infant mortality rate are high, with no migration, there will be in the population a higher number of?

A. younger people in the population B. children in the population C. old people in the population D. women in…

5 years ago

The optimum population of a country is reached when the?

A. production of goods and services is less than optimum B. output per head is at its highest with a…

5 years ago

Which of the following is not a problem in the barter economy?

A. multiple exchange rate B. indivisibility of goods and services C. double coincidence of wants D. bulkness of commodities E.…

5 years ago