economics

Disposable income is the income earned?

A. by the nationals of a country resident within the country B. from productive activities of nationals of a country…

6 years ago

To control inflation, the central bank of a country may adopt?

A. an expansionary monetary policy B. a restrictive monetary policy C. an increased wage policy D. a deficit financing policy…

6 years ago

A normal supply curve has a positive slope which indicates that?

A. sellers are willing to sell more at a lower price B. sellers are indifferent to prices C. sellers are…

6 years ago

Households make economic decisions because they want to?

A. make more profit B. increase their salaries and wages C. increase their purchases D. maximize their satisfaction Correct Answer:…

6 years ago

Which of the following is not a feature of socialism?

A. Collective ownership of productive resources B. Freedom of enterprise C. production is not based on the profit motive D.…

6 years ago

In a centrally planned economy, what to produce is?

A. determined by the forces of demand and supply B. driven by profit motive C. determined by consumers D. the…

6 years ago

A basic economic problem of any society is?

A. high level of illiteracy B. irregular power supply C. population growth D. resource allocation Correct Answer: Option D D.…

6 years ago

Human wants are unlimited because?

A. production is inadequate B. resources have alternative uses C. new wants always rise D. resources are limited Correct Answer:…

6 years ago

Which of the following is a benefit to a member country of World Bank?

A. easy access to long term loans B. management of foreign exchange C. mediating in labour dispute D. financing balance…

6 years ago

In order to correct the adverse balance of payments problems, the government should?

A. reduce tariffs B. increase subsidies on exports C. increase tax on local industries D. reduce personal income tax Correct…

6 years ago