In the money market, money can only be borrowed for
Long term
Short term
Capital project
Public utilities
Correct answer is B
No explanation has been provided for this answer.
When price elasticity of supply is equal to 0.4, supply is said to be
Inelastic
Elastic
Unitary elastic
Public utilities
Correct answer is A
No explanation has been provided for this answer.
In a perfect market, price and quantity to be bought are determined by the
Consumers and retailers
Producers and wholesalers
Forces of demand and supply
Interest of government and producers
Correct answer is C
No explanation has been provided for this answer.
Government imposes taxes mainly to
Punish the citizens
Provide social amenities
Donates to poorer countries
Execute white elephant projects
Correct answer is B
No explanation has been provided for this answer.
The establishment of industries in rural areas will help to reduce
Urban-rural migration
Urban-urban migration
Rural-urban migration
Rural-rural migration
Correct answer is C
No explanation has been provided for this answer.