economics

One major aim of a cartel is to?

A. increase production B. regulate output through quota system C. have a joint account D. share profits equally Correct Answer:…

6 years ago

Expenditure by foreign tourist in a country will be recorded as?

A. visible exports B. official transfers C. transfer income D. divisible exports Correct Answer: Option A A. visible exports

6 years ago

The terms of trade is described as unfavourable when?

A. the price of imports rises relative to those of exports B. the price of exports rises relative to those…

6 years ago

Terms of trade may be defined as the?

A. trade between one country and another B. relationship between a country's receipt from others and payment to others C.…

6 years ago

Economic development is reflected in the?

A. scarcity of capital B. increase in the price level C. decline in the agricultural production D. increase in productive…

6 years ago

The need for development planning arises largely from the fact that?

A. aggregate savings exceeds aggregate consumption B. aggregate consumption equals aggregate savings C. productive resource is in excess of the…

6 years ago

Fiscal policy is associated with?

A. taxation and government expenditure B. re-structuring of the banks C. injection of more money into the economy D. reduction…

6 years ago

Government expenditure on the construction of roads and bridges is?

A. recurrent expenditure B. capital expenditure C. supplementary expenditure D. variable expenditure Correct Answer: Option B B. capital expenditure

6 years ago

The tax imposed on good manufacture within a country is?

A. an excise tax B. a capital gain tax C. profit tax D. a sales tax Correct Answer: Option A…

6 years ago

Which of the following serves as a banker’s bank?

A. Commercial banks B. The Mortgage Bank C. The Central Bank D. Development Bank Correct Answer: Option C C. The…

6 years ago