LOCO
F.O. R
F.A.S
C.I.F
C.F
Correct answer is A
No explanation has been provided for this answer.
Which of the following is classified as invisible item in_the balance of payments?
Export of goods
import of machinery
1 Gifts
Sale of assets
Salaries of expatriates
Correct answer is E
No explanation has been provided for this answer.
allowance paid to a supplier
extra allowance paid for guaranteeing recovery of debts
allowance paid to all commission agents
allowance paid bythe agent
allowances to ensure delivery of goods by commission agent
Correct answer is B
No explanation has been provided for this answer.
Goods are usually classified into?
saleable and nonisaleable good
inferior and superior goods
luxurious and essential goods
producer and consumer goods
home made and foreign made goods
Correct answer is D
No explanation has been provided for this answer.
Land as a factor of production comprises?
all resources provided by nature
the earth surface only
land surface and vegetation
efforts to exploit the earth
the oceans and rivers only
Correct answer is A
No explanation has been provided for this answer.