A country exporting mainly primary products and with a high percentage of her labour force in agriculture is said to be?
A. developing B. developed C. poor D. underdeveloped Correct Answer: Option A – developing
Public debt is composed of?
A. internal debts and World Bank loans B. money owed to local and foreign contractors C. internal and external debts D. loans granted by IMF and ADB Correct Answer: Option C – internal and external debts
An aspect of taxation that involves normative economics is the?
A. tax rate B. effect on incentive to work C. fairness of the tax D. tax burden Correct Answer: Option B – effect on incentive to work
A capital market differs from the money market in that in the former ____?
A. loan sought is short term B. loan repayment is guaranteed C. loan sought is long term D. the percentage of interest charged is more Correct Answer: Option C – loan sought is long termProducts
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