economics

Human wants are insatiable because wants are _________?

A. Limited while means are scarce B. Unlimited and means are also unlimited C. Limited and means are also limited…

5 years ago

The policy by which government encourages producers of export goods to produce and export more in order to earn more foreign exchange is called ________?

A. Sales promotion B. Term of trade C. Export promotion D. International trade Correct Answer: Option C = Export promotion…

5 years ago

Import duty and tariffs is an instrument used for international trade restriction and so is __________?

A. Preferential duties B. Preferential treatment C. Entreport D. Trade license Correct Answer: Option A - Preferential duties Explanation In…

5 years ago

The following are types of capital except __________?

A. Current capital B. Saving capital C. Working capital D. Social capital Correct Answer: Option B - Saving capital Explanation…

5 years ago

The bank type responsible for the formulation of rules and regulations guiding the banking industry is known as?

A. Commercial bank B. Central bank C. Mortgage bank D. Merchant bank Correct Answer: Option B - Central bank Explanation…

5 years ago

When a union is composed of workers with the same skill; it is called _________?

A. An industrial union B. A workers union C. A craft union D. A technical union Correct Answer: Option C…

5 years ago

One of the major forms of migration that tends to create problem in all developing countries is that of ________?

A. Rural-urban migration B. Rural-rural migration C. Urban-rural migration D. Seasonal migration Correct Answer: Option A - Rural-urban migration Explanation…

5 years ago

A group formed to enable members adopt a common policy in labour negotiation is known as?

A. Employer’s association B. Craft Union C. Trade union D. Employee’s union Correct Answer: Option A - Employer’s association Explanation…

5 years ago

The use of income and expenditure instruments or policies to control or regulate the economic activities of a country is known as?

A. Revenue generation B. Economic development C. Fiscal Policy D. Taxation Correct Answer: Option C - Economic development Explanation Fiscal…

5 years ago

The establishment of industries in rural areas will help to reduce __________?

A. Urban-Rural migration B. Rural-Urban migration C. Rural-Rural migration D. Urban-Urban migration Correct Answer: Option B - Rural-Urban migration Explanation…

5 years ago
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