Economics 1 | Study Mode

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Question 31
A
tariffs
B
quotas
C
devaluation
D
revaluation
Explanation

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Correct option: B
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Question 32
A
imposing import bans on some commodity
B
imposing import duties
C
purchasing foreign exchanges from foreign countries
D
drawing down on external reserves
Explanation

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Correct option: C
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Question 33
A
Wages and salaries of public servant
B
student grants and scholarship
C
Profit of companies
D
Rents on property
Explanation

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Correct option: B
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Question 34
A
both and quantity will increased
B
only quantity increases
C
the price remains constant
D
the price falls
Explanation

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Correct option: A
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Question 35
A
sum of the birth rate and the death rate
B
sum of the birth rate and the net migrate rate
C
birth rate minus death rate
D
death rate minus the net immigration
Explanation

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Correct option: C
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Question 36
A
Sunlight, machinery, man , land
B
Land, labour, capital, enterprise, technology
C
Capital, technology, ideas, markets, land
D
Land, water, weather
Explanation

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Correct option: B
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Question 37
A
obtaining the maximum output from available resources at the lowest cost
B
equity in the distribution of the national's wealth
C
producing without waste
D
the limited wants-unlimited resources dilemma
Explanation

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Correct option: A
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Question 38
A
the productivity of labour
B
the law of diminishing marginal utility
C
the law diminishing returns
D
the concept of factor intensity
Explanation

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Correct option: C
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Question 39
A
from above at its lowest point
B
from below before the lowest point
C
from below at its lowest point
D
at zero point
Explanation

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Correct option: C
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Question 40
A
demand pull and cost push inflation pulling each other in different director
B
demand pull and cost push inflation intensifying each other
C
that demand pull and cost push inflation increases employment
D
that wages and prices are rising at a proportional rate
Explanation

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Correct option: B

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