The three principal economic unit in any system are
Trade, industry and banking
Workers, consumers and shareholders
Households, firms and governments
Companies, industry and plants
Correct answer is C
No explanation has been provided for this answer.
Oil and Petroleum Exporting Countries
Original Petroleum Exporting Companies
Organization of Petrol Exporting Countries
Organization of Petroleum Exporting Countries
Correct answer is D
No explanation has been provided for this answer.
One of the functions of of the international Monetary Fund (IMF) is to
Devalue the currency of member state
Reduce drastically the size of deficit financing of member states
Giving financial assistance to member states that have temporary balance of payment difficulties
Discourage the rapid industrialization process in the less developed nation of the world
Correct answer is C
No explanation has been provided for this answer.
Which of the following is an objective of economic integration?
Harmonization of cultural practises
Free movement of persons, goods and services
Payment of high tarrifs
Dumping of goods in less developed countries
Correct answer is B
No explanation has been provided for this answer.
In an attempt to correct a deficit balance of payment, a country may decide to increase
Domestic production
Imports
Domestic expenditure
Tax on infant industry
Correct answer is A
No explanation has been provided for this answer.