A. increasing budget surplus B. increasing factor costs C. exchange rate appreciation D. high capacity utilization Correct Answer: Option C…
A. bilateral trade B. current balance C. balance of payments D. balance of trade Correct Answer: Option D - balance…
A. ensure efficient use of available resources B. involves people in national programmes C. make the government spend more on…
A. two to seven B. two to three C. two to fifty D. two to twenty Correct Answer: Option C…
A. surtax B. VAT C. ad valorem tax D. PAYE Correct Answer: Option B - VAT
A. GNP gap B. deflationary gap C. inflation gap D. recessionary gap Correct Answer: Option C - inflation gap
A. government expenditure B. savings C. interest rates D. exchange rates Correct Answer: Option D - exchange rates
A. exchange control B. tax relief C. devaluation D. quotas Correct Answer: Option D - quotas
A. promote free trade within member nations B. promote economic integration in non-member countries C. assist countries to achieve their…
A. has a higher opportunity cost in the production of a good B. can sell to other countries without buying…