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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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