economics

One of the advantages of capitalism is that?

A. consumers are exploited B. private initiatives is discouraged C. efficient allocation of resource is assured D. job security is…

6 years ago

The population of a country in a certain year was fifty million and her per capita income was $2,050. What was the national income?

A. $750,000 million B. $100,250 million C. $102,500 million D. $125,050 million Correct Answer: Option C C. $102,500 million

6 years ago

If the population of a country is low and the Gross National Product is high, the per capita income will be?

A. high B. low C. average D. unitary Correct Answer: Option A A. high

6 years ago

The Net National Product (NNP) is Gross National Product (GNP) less?

A. domestic product B. foreign product C. depreciation D. investment Correct Answer: Option C C. depreciation

6 years ago

A country whose economy is buoyant is likely to have?

A. a weak currency B. devaluation from time to time C. a strong currency D. balance of payment problem Correct…

6 years ago

Monetary control measure are coordinated by?

A. Development banks B. Merchant banks C. commercial banks D. the central banks Correct Answer: Option D D. the central…

6 years ago

Which of the following is an example of direct tax?

A. import duties B. income tax C. export duties D. purchase tax Correct Answer: Option B B. income tax

6 years ago

If tax takes a large proportion of the income of people with lower income, the tax is?

A. progressive B. proportional C. regressive D. investment Correct Answer: Option C C. regressive

6 years ago

Which of the following institutions assists the government in managing the national debt?

A. Commercial banks B. The Central banks C. The capital market D. The World bank Correct Answer: Option B B.…

6 years ago

A foreign exchange market deals in?

A. treasury bills B. currencies C. government bonds D. commodities Correct Answer: Option B B. currencies

6 years ago