Economics Past Questions And Answers
1481
Which of the following factors may not affect the efficiency of labour?
- A. Education and training
- B. Provision of welfare service
- C. Race and colour of workforce
- D. Quality of other factor inputs
1482
One of the functions of the Central Bank is
- A. production of goods
- B. issuing of currency
- C. presenting budgets
- D. printing of cheque books
1483
A measure that can be adopted to correct a country 's balance of payments deficit is ____________
- A. Allow the currency to appreciate to encourage imports.
- B. Allow the currency to depreciate to encourage imports
- C. Adopt import substitution strategy
- D. Restrict trade with all countries
1484
Below equilibrium, the gap between aggregate demand and the full employment level of income is called the?
- A. inflationary gap
- B. income gap
- C. unemployment gap
- D. deflationary gap
1485
The charging of different prices to different group of buyers for the same goods or services is called
- A. monopolistic competition
- B. price determination
- C. price discrimination
- D. monopoly
1486
Which of the following are examples of transfer payment
- A. gift and donations
- B. rents and rates
- C. profit and dividends
- D. internal and external debts
1487
parallel markets are usually the results of
- A. excess supply
- B. the activities of rich individuals
- C. price legislation
- D. inadequate information
1488
Which function of the wholesaler enables him to stabilize prices?
- A. Warehousing goods
- B. Advertising the goods
- C. Granting credit to retailers
- D. Transporting goods
1489
Inflation in any economy
- A. Has no monetary connection
- B. Implies a sustained decrease in the general price level
- C. Always increase the value of national currency
- D. Tends to redistribute income arbitrarily
1490
Which of the following are direct taxes?
- A. Sale taxes
- B. Excise duties
- C. income and company taxes
- D. Tarrif duties