An institution that regulates trade relations among members is the?
A. ADB B. OPEC C. EU D. IMF Correct Answer: Option B – OPEC
If government increases in its expenditure on public works; the desired effect is?
A. a reduction in the use of capital equipment B. an increase in the level of emploment C. an increase in the level of inflation D. an increase in the use of capital equipment Correct Answer: Option A – a reduction in the use of capital...
The factor responsible for the current inflationary pressures in Nigeria is the?
A. exchange rate depreciation B. increase in exports C. low per capital income D. budget surplus Correct Answer: Option A – exchange rate depreciation
Economic growth is different from economic development because economic growth ______?
A. describes expansion and change B. is measurable but not objective C. describes expansion and not change D. is not measurable but objective Correct Answer: Option C – describes expansion and not changeProducts
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