A tariff______________?

A. increase the volume of trade
B. reduces the volume of trade
C. has no effect on volume of trade?
D. a and c of above

What would cause a country’s exchange rate to fall ?

A. an increases demand for its exports
B. increased demand for its imports
C. an increased inflow of capital
D. none of the above

When the stock market is rising it is ?

A. bearish
B. bullish
C. hottest
D. rising up

Economic development is measured on the basis of ?

A. increase in nominal gnp
B. increase in real gnp
C. increase in personal income
D. increase in government revenue

Which is most likely to cause a more even distribution of income ?

A. an increase in indirect taxes
B. an increase in managers salaries
C. an increase in progressive taxation
D. an increase in the rate of inflation

A budgetary deficit means ?

A. total expenditure is more than total revenue
B. current expenditure is more than current revenue
C. capital expenditure is more than capital revenue
D. total expenditure is more than current revenue

Gross National income is always more than Net National income because it includes ?

A. foreign income
B. capital consumption allowance
C. indirect taxes
D. direct taxes

According to the law of demand. When ?

A. price increase demand decreases
B. price decreases demand decreases
C. price increased demand increases
D. none of these

The cause of inflation is ?

A. increase in money supply
B. fall in production
C. increase in money supply and fall in production
D. decrease in money supply and fall in production

Economic development ?

A. is the same as economic growth
B. means improvement in lifestyle
C. exists when there is equal distribution of income
D. all of the above