Correct Answer: A. decrease in the corporate profit tax rates

Explanation

Expansionary fiscal policy is when the government expands the money supply in the economy using budgetary tools to either increase spending or cut taxes—both of which provide consumers and businesses with more money to spend. Cutting down on tax rates would mean higher profits for businesses. This is done to increase the supply of money in the economy.

Correct Answer: C. sellers are willing to sell more at a higher price

Explanation

A supply curve will normally slope upwards (positive) because sellers like it when they're selling at higher prices than lower ones. So they're more willing to sell at higher prices than lower ones.

Explanation

(a)Tariffs:Tariffs are taxes or duties imposed on imports and exports by the government of a country.

(b) Reasons for imposing tariffs are:

(i) Imposition of tariffs is a source of revenue to the government.

(ii) Newly established companies are protected from competition from foreign companies.

(iii) If a country imports all sorts of goods without checks, it will suffer from Unfavourable balance of trade and payments.

(iv) Dumping of goods, especially in non industrialized country will occur if the country allows free trade to happen.

(v) To check con-sumption pattern: If all sorts of goods are allowed to come into the country, the citizens will develop uncontrollable appetite for foreign goods.

(vi) The rich are made to pay higher rate as tax than the low income earner.

(vii) As a retaliatory measure: Tariffs can be used as retaliatory measures. It is imposed by one country against another.

(viii) To prevent the importation of dangerous goods: If international trade is not controlled, goods that are detrimental to health especially drugs will come into the country.

Correct Answer: D) cyclical

Explanation

This question is asking about the type of unemployment that occurs when a company produces too much and experiences losses, causing them to lay off workers. The options given are structural, residual, voluntary, and cyclical.

Structural unemployment occurs when a worker's skills no longer match the needs of the job market. Residual unemployment is a term used to describe the unemployment that remains even when the economy is at full employment. Voluntary unemployment is when a person chooses not to work.

The correct answer in this case is D, cyclical unemployment. This type of unemployment is caused by fluctuations in the business cycle. When the economy is in a recession, companies produce less and may lay off workers, resulting in cyclical unemployment.

It is important to note that unemployment can have a significant impact on individuals and the economy as a whole. High levels of unemployment can lead to decreased consumer spending and economic growth. To learn more about unemployment and its impact, please see the relevant sections of the recommended textbooks.

Correct Answer: C. intersection of demand and supply

Correct Answer: B. substitutes

Correct Answer: A. Textile materials with elastic demand

Correct Answer: D. commodities

Explanation

Commodity money is a physical good that consumers universally use to trade for other goods.. It was use as money during the barter system. They include commodities such as gold, silver, copper, salt, peppercorns, tea, decorated belts, shells, alcohol etc

Correct Answer: B. serving as banker to the government

Correct Answer: C. High gross domestic product

Explanation

Economic growth is the process by which the productive capacity of an economy increase over a given period, leading to a rise in the level of the national income. Gross domestic product is the total market value of all goods and services produced by a country in a specific time period typically a year. This includes earnings from foreign investments. GDP = Consumption +Government +investment +Export − Imports GDP is considered the broadest indicator of economic growth because GDP represent the market value of all goods and services produced by the economy during the given period including personal consumption, government purchase, private inventories, paid in construction cost and the foreign trade balance (export added, import are subtracted). There are other indicators of economic growth such as; Consumer Price Index (CPI), Producer Price Index (PPI), Consumer Confidence Index (CCI), Money supply, Employment and others. However, High tax rate, Technology Development and High interest rate are not a part of the list.