Money may not be accepted as a store of value if
Its value is unstable
It is easily transferable
Its value is stable
It is easily divisible
Correct answer is A
No explanation has been provided for this answer.
For an inferior good, a decreased in real income will lead to
A lower equilibrium price
A change in quantity demanded
An outward shift of the demand curve
An inward shift of the demand curve
Correct answer is C
No explanation has been provided for this answer.
When two variables are positively related, the graph of the relationship
Is a downward-sloping curve
Has a negative intercept
Is a straight line
Is an upward-sloping curve
Correct answer is D
No explanation has been provided for this answer.
As a country gets more developed, the percentage of labour engaged in agriculture tends to
Remain constant
Decrease steadily
Switch over to trading
Increase steadily
Correct answer is B
No explanation has been provided for this answer.
The major purpose of African Development Bank is to
Provide loans for trade development
Provide loans for infrastructural development
Provide loans for develpment banks in distress
Educate peasant farmers in new techniques
Correct answer is B
No explanation has been provided for this answer.