Commission
Profits
Fixed interest
Quasi-rent
Correct answer is C
A debenture pays a regular interest rate or coupon rate return to investors. Payment of interest is made to the debenture holder at a specified rate and at clearly defined intervals.
In Economics, a market is defined as any
Agreement made for consumers to buy all they need
Arrangement made for producers sell all their goods
Agreement to sell commodities at low prices
Arrangement whereby the buyers and sellers are in contact
Correct answer is D
No explanation has been provided for this answer.
Sound economic decision
Opportunity cost
Practicable government policy
Scale of preference
Correct answer is B
No explanation has been provided for this answer.
Which of the following is not a function of the West African Development Bank?
Promotion of both private and public investments in member states
Financing and executing projects in member states
Promotion of social development of member states
Harmonization of oil prices to the advantage of member states
Correct answer is B
The functions of the West African Development Bank does not include financing and executing projects in member states.
One of the reasons why government may erect a trade barrier is to
Control foreign currencies
Protect infant industries
Promote importation
Diverisify the economy
Correct answer is B
Barriers to trade are often used as protection of infant and local industries. Their stated purpose is to shield or advance particular industries or segments of an economy. These barriers include tariffs.