Category: Economics

From the words lettered A to D choose the word or group of words that best completes the sentence. Tutu liked to read detective novels to take his mind ______ his worries A. off B. away C. out of D. from Correct Answer: Option A...

West African economy can best be described as? A. agricultural B. backward C. developed D. industrialized Correct Answer: Option A A. agricultural

Gross National Product (GNP) less depreciation is known as? A. Gross Domestic Products B. Gross National Income C. Fixed National Income D. Net National Income Correct Answer: Option D D. Net National...

In order to boost agriculture, West African countries should pay more attention to? A. shifting cultivation B. animal husbandry C. seed multiplication D. mechanization Correct Answer: Option D D....

The most common form of business enterprise in West Africa is the? A. Sole proprietorship B. Co-operative C. Partnership D. joint stock company Correct Answer: Option A A. Sole...

Infant industries are industries that? A. deals in the production of infant books B. are in their earlier stage of production C. produce dresses for infants D. are well established Correct Answer: Option B B. are in their...

The reward for capital is? A. interest B. rent C. risk premium D. premium Correct Answer: Option A A. interest

When a pen and a book is demanded together, the demand is said to be? A. composite B. competitive C. joint D. derived Correct Answer: Option C C. joint

Which of the following is an indirect tax? A. income tax B. company tax C. profit tax D. sales tax Correct Answer: Option D D. sales tax

The quantity demanded of a commodity is influenced only by changes? A. tastes B. weather C. price of the commodity D. Price of other commodities Correct Answer: Option C C. price of the...

Which of the following combination of qualities ensures a good tax system? A. Deflationary equity, certainty, and convenience B. Economy convenience, certainty, and equity C. Economy, deflationary, inflationary and certainty D....

The balance of trade is defined as the relationship between? A. invisible imports and exports B. visible and invisible exports C. imports and exports of services D. visible exports and visible imports Correct Answer: Option D D....