economics

The Economic Commission for Africa is an agency of the?

A. Organization of African Unity B. African Development Banks C. European Union D. United Nation Organization Correct Answer: Option D…

6 years ago

Balance of payment surplus implies that the value of the country?

A. exports exceeds its imports B. imports exceed its exports C. exports is equal to its imports D. terms of…

6 years ago

Invisible trade refers to trade-in?

A. services B. goods and services C. tangible goods D. crude oil Correct Answer: Option A A. services

6 years ago

Trades among nations is desirable because?

A. enables people in a country to know those in other countries B. makes it possible for people in a…

6 years ago

An important feature of economic development is?

A. population explosion B. reduction in exports C. high literacy level D. low exports Correct Answer: Option C C. high…

6 years ago

Which of the following will have a more destabilizing effect on the economy?

A. a tax on the price of the vehicle B. a tax on petrol C. a decrease in the supply…

6 years ago

All indirect taxes tend to be?

A. progressive B. regressive C. certain D. equitable Correct Answer: Option B B. regressive

6 years ago

A tax which is expressed as a given absolute sum of money per unit of a commodity is known as?

A. a specific tax B. a direct tax C. an indirect tax D. a value-added tax Correct Answer: Option D…

6 years ago

A major use of taxation is to?

A. control the population growth rate B. influence people's spending habits C. control money supply D. create bank credits Correct…

6 years ago

Public finance is basically an analysis of the?

A. income and expenditure of government B. expenditure patterns of the government C. current and capital receipts of the government…

6 years ago