Terms of trade may be define as the
Trade between one country and another
Relationship between country's receipt from others and payment to others
Rate at which a country's export exchange for imports
Different between the value of export and imports
Correct answer is C
No explanation has been provided for this answer.
Economic development is reflected in the
Scarcity of capital
Increase in the price level
Decline in the agricultural production
Increase in productive capacity
Correct answer is D
No explanation has been provided for this answer.
The need for development planning arises largely from the fact that
Aggregate savings exceeds aggregate consumption
Aggregate consumption equals aggregate savings
Productive resource are in excess of the demand for them
Productive resource are scarce relative to the demand for them
Correct answer is D
No explanation has been provided for this answer.
Fiscal policy is associated with
Taxation and government expenditure
Restructuring of the banks
Injection of more money into the economy
Reduction in economic activities
Correct answer is A
No explanation has been provided for this answer.
Government expenditure on the construction of roads and bridges is
Recurrent expenditure
Capital expenditure
Supplementary expenditure
Variable expenditure
Correct answer is B
No explanation has been provided for this answer.