economics

In order to stabilize oil price in the world market, there is a need for OPEC members to?

A. always have budget deficit B. encourage competition among themselves C. adhere to production quotas D. fix the price of…

6 years ago

A country’s balance of payment is deficit when?

A. a country's payment for imports of visible goods are greater than her receipts from exports of visible goods B.…

6 years ago

Which of the following group of accounts make up the balance of payments?

A. the current account multiple accounts and capital account B. Monetary movement account; company account and international account C. cash…

6 years ago

Dumping means the selling of a good in a foreign market at a price that is?

A. below the home market price B. above the home market price C. equal to the home market price D.…

6 years ago

When the demand for a good is fairly inelastic, the burden of an indirect tax falls?

A. more on the consumers of the goods B. more on the sellers of the goods C. on sellers and…

6 years ago

A component of the national debt of a country is?

A. taxation B. bank saving C. the budget D. treasury bills Correct Answer: Option D D. treasury bills

6 years ago

Excise duty is levied on?

A. the total population B. local products C. luxury goods D. the working population Correct Answer: Option B B. local…

6 years ago

One disadvantage of direct taxes is that they?

A. allocate scarce resources B. are not rigid C. can be progressive D. can be evaded Correct Answer: Option D…

6 years ago

The function of the Central Bank as the lender of last resort means that when all other sources fail?

A. the consumer can always borrow money from the Central Bank B. the government can ask the Central Bank to…

6 years ago

One of the functions of the Central Bank is?

A. production of goods B. issuing of currency C. presenting budgets D. printing of cheque books Correct Answer: Option B…

6 years ago