Merchandise export
Merchandise import
Travel
Foreign currencies
Insurance services
Correct answer is D
No explanation has been provided for this answer.
The following except ONE, are the differences between international trade and internal trade
Differences in currencies
Government in control
Mobility of factors of production
Cultural differences
Exchange of Goods and services
Correct answer is D
No explanation has been provided for this answer.
Public expenditure on services, such as education and health, is known as expenditure on
General services
Community services
Social services
Economic services
Administrative services
Correct answer is C
No explanation has been provided for this answer.
One of the major effects of an increase in government expenditure on a nation’s economy is that it
Creates investment opportunities for foreign investors
Leads to indigenization of the private sector
Raises the level of total tax revenue
Raises the level of aggregate demand
Controls the spread of monopoly
Correct answer is D
No explanation has been provided for this answer.
The average product of labour in a given period is obtained by dividing the
Number of workers by the total product
Total product by the number of hours actually worked
Change in total product by the change in the number of workers
Total product by the number of workers
Correct answer is D
No explanation has been provided for this answer.