Which of the following will occur when the market is unstable?
Price will fluctuate
Demand will remain static
Unemployment will surely fall
Price will remain static
Correct answer is A
No explanation has been provided for this answer.
Abstention from consumption which enables capital to be produced is called
Savings
Production
Accumulation
Opportunity cost
Correct answer is A
No explanation has been provided for this answer.
The most unique quality of money is its
Relative scarcity
Divisibility
Durability
General acceptability
Correct answer is D
No explanation has been provided for this answer.
Deficit budget means that government’s
Government expenditure is equal to its revenue
Planned expenditure is more than the estimated income
Planned income and expenditure target cannot be achieved
Expenditure is less than estimated revenue
Correct answer is B
No explanation has been provided for this answer.
Which of the following is an item of government recurrent expenditure?
Road construction
Port facilities
Wages and Salaries
Telecommunication projects
Correct answer is C
No explanation has been provided for this answer.