economics

In developing countries, a larger percentage of the labour force is employed in the?

A. trade sector B. tertiary sector C. primary sector D. secondary sector Correct Answer: Option C C. primary sector Explanation…

6 years ago

Which of the following best describes token money?

A. money in the vaults of commercial banks B. currency and coins in circulation C. money with face value higher…

6 years ago

In national income accounting, the term net is used to indicate that a value?

A. includes income of foreigners B. includes income of citizens C. includes depreciation D. excludes depreciation Correct Answer: Option B…

6 years ago

Location of firms of an industry is not influenced by?

A. availability of raw material B. existence of other firms C. nearness to the source of money supply D. government…

6 years ago

The difference between the gross domestic product (GDP) and gross national product (GNP) is?

A. depreciation B. transfer payment C. net income from abroad D. direct taxes Correct Answer: Option C C. net income…

6 years ago

Which of the following is not a strong basis for trade unions demand for higher wages?

A. company is making a higher profit B. productivity of workers has increased C. members of the union have high…

6 years ago

The movement of labour from one grade to an entirely different grade is an example of?

A. industrial labour mobility B. horizontal occupational mobility C. vertical occupational mobility D. geographical mobility Correct Answer: Option C C.…

6 years ago

One reason for low agricultural productivity in most west African countries is that?

A. farmers are not capable of producing cash crops B. it does not provide income to farmers with large families…

6 years ago

Which of the following will increase the demand for labour?

A. Increase wage rate B. labour's demand for output C. low wage rate D. low marginal productivity Correct Answer: Option…

6 years ago

Frictional unemployment occurs when?

A. there is a change in the technique of production B. job seekers lack information where jobs exist C. bad…

6 years ago