IBRD as an international monetary institution is concerned with the
Improvement of trade among member nations
Development of infrastructure in member nations
Balance of payments problems of member nations
Financing of private businesses in member nations
Correct answer is B
No explanation has been provided for this answer.
The effect of an increase in the personal income tax is to
Reduce unemployment
Raise the absolute price level
Reduce the disposable income
Distort the economy
Correct answer is C
No explanation has been provided for this answer.
In a centrally planned economy, the economic problem of deciding what to produce is dependent on?
Average profit
State command
Average cost
Relative prices
Correct answer is B
A centrally planned economy, also known as a command economy, is an economic system in which a central authority, such as a government, makes economic decisions regarding the manufacturing and the distribution of products.
Statutory organisations usually established by Acts of Parliament are called
Public corporations
Cooperative societies
joint-stock companies
Public enterprises
Correct answer is A
No explanation has been provided for this answer.
The effectiveness of devaluation as a solution to a balance of payments problem depends on the
Value of visible and invisible goods
Value of invisible items of both domestic and foreign trades
Relative elasticities of demand and supply of imports and exports
Foreign investments of businessmen
Correct answer is C
No explanation has been provided for this answer.