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All of the following could cause the onset of a recession except which one?
All of the following could cause the onset of a recession except which one?A . A significant appreciation of the exchange rateB . A decline in business investmentC . A significant fall in personal savings ratesD . An increase in the government budget deficitView AnswerAnswer: C
All of the following items would appear as a credit on the current account of a country's balance of payments accounts except which one?
All of the following items would appear as a credit on the current account of a country's balance of payments accounts except which one?A . Interest payments on financial assets held overseas.B . Exports of manufactured goods.C . Outflows of capital.D . Expenditure by visiting foreign tourists.View AnswerAnswer: C
When the economy is in recession, which of the following is least likely to reduce unemployment?
When the economy is in recession, which of the following is least likely to reduce unemployment?A . An expansionary fiscal policyB . The central bank cutting interest ratesC . Retraining schemes for redundant workersD . A regulation extending employment rights for newly-hired workersView AnswerAnswer: D
All of the following would lead to fall in the circular flow of national income except which one ?
All of the following would lead to fall in the circular flow of national income except which one ?A . A fall in business investmentB . A fall in personal savings ratesC . A reduction in the level of government expenditureD . A rise in the marginal propensity to saveView...
Which ONE is the exception?
The imposition of a tariff on imported goods by a country's government will result in all of the following except one. Which ONE is the exception?A . A shift in domestic income from consumers to producers of the goodsB . A rise in the domestic price of the imported goodC...
Which global financial institution is responsible for providing stabilization funding to assist developed and developing countries with short term borrowing needs and needs for foreign currency?
Which global financial institution is responsible for providing stabilization funding to assist developed and developing countries with short term borrowing needs and needs for foreign currency?A . The IMFB . The World BankC . The World Trade OrganizationD . The G20View AnswerAnswer: A
Which of the following statements about supply-side economics is correct?
Which of the following statements about supply-side economics is correct?A . Supply-side policies are part of aggregate demand management policies.B . Fiscal policy cannot be used as a part of supply-side policyC . Supply-side economists always reject the use of policy to expand demandD . Supply-side policies are used to...
If an economy went into a recession, which industry would experience the largest proportionate fall in sales, output and employment?
If an economy went into a recession, which industry would experience the largest proportionate fall in sales, output and employment?A . Retail supermarketsB . Food processing industryC . Petrol retailingD . Luxury good manufacturersView AnswerAnswer: D
Which ONE is the exception?
All of the following are regarded as objectives of profit seeking organizations except one. Which ONE is the exception?A . Raising shareholder wealthB . Long term growth in salesC . Meeting regulatory, accounting and reporting standardsD . Maximizing profitView AnswerAnswer: C
Select the best definition of a regressive tax from the options below:
Select the best definition of a regressive tax from the options below:A . A tax which rises proportionately with incomeB . A tax which rises more than proportionately with incomeC . A tax which rises less than proportionately with incomeD . A tax on expenditureView AnswerAnswer: C
