A free trade area emerges when
Traders from one part of the country can move freely to other parts
Customs regulation are harmonized among countries
A group of countries decide to remove restrictions on imports from one another
The UNCTAD is in force
Correct answer is C
No explanation has been provided for this answer.
The price of a good will not be affected by the imposition of a sales tax on it if the
Supply is inelastic
Demand is inelastic
Supply is perfectly elastic
Demand is perfectly elastic
Correct answer is D
No explanation has been provided for this answer.
Economic development may be defined as economic growth
In a given country
Over a long period
And improved health facilities
And improved distribution of wealth
Correct answer is A
Economic Development are programs, policies, or activities that seek to improve the economic well-being and quality of life for a community.
Fiscal policy involves changes in
Open market operations
Revenue and expenditure of government
Money supply to the economy
Imports and exports
Correct answer is B
No explanation has been provided for this answer.
One of the functions money is that, it helps
Detect frauds in matters of exchange
Postponed payments without loss of count
Store information about the valuation of an item
Record information about the valuation of an item
Correct answer is C
No explanation has been provided for this answer.