A. production is shifting to the left B. resources are under-utilized C. economic growth has taken place D. factors of…
A. forest B. diamond C. roads D. crude oil Correct Answer: Option C C. roads Explanation Land, sometimes referred to…
A. studies laws that govern human behaviour B. uses scientific method to explain human behaviour C. makes use of controlled…
A. International Monetary Fund (IMF) B. World Bank (IBRD) C. United Nations Organization (UNO) D. Economic Commission for Africa (ECA)…
A. free trade area B. common market C. custom union D. economic community Correct Answer: Option C C. custom union…
A. reduction of personnel income tax B. removal of imports duties C. use of foreign exchange control D. liberalization of…
A. net exports tend to increase B. imports tend to increase C. net exports tend to decrease D. export tend…
A. at par with payments for imports B. greater than payment for imports C. less than payment for imports D.…
A. trade balance B. balance of payment C. term of trade D. balance on the current account Correct Answer: Option…
A. David Ricardo B. Alfred Marshal C. J. S Mill D. Adam Smith Correct Answer: Option A A. David Ricardo…