Question 1 of 8Environment And Climate Change
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The following are mitigating measures for climate change except
The basic economic question of how to produce refers to
Which one of the following is a feature of free market economy?
In a partnership business decisions are made by
Productivity of labour is
A document which invites the general public to buy shares in a public limited company is
What is effective demand?
The table shows the GDP and population of four countries. Which of the following countries has the highest GDP per capita?
What is the effect of a country imposing import tariffs?
Which of the following is a limitation of Gross Domestic Product (GDP)?
What is meant by productive efficiency?
Economic growth is caused by the following except
A country recorded the following in its international trade records. Calculate visible balance
Which of the following is a correct expression to calculate Gross Domestic Product (GDP)?
One advantage of specialisation is that
Which of the following is not a factor of production?
Identify the index used to compare standard of living between countries
The correct pair representing internal sources of finance is
Select the set with the correct combination of the contents found in a memorandum of association
The long run is defined as a period
A minimum price will only affect a market if
Suppose there are 100 identical firms in the industry each willing to supply 10 ventilators at a given price. What is the market supply?
An example of a determinant of supply that results in a leftward shift of the supply curve is
The table below shows the price, quantity demanded and quantity supplied to a market. Find the equilibrium price and quantity
The law of supply states that, other things being equal,
Which of the following would increase the supply of a good?
The price of electricity rose from 1,00 per kilowatt to 1,20 per kilowatt, and the quantity supplied rose by 40 percent. Calculate the…
The price of electricity rises from 1,00 to 1,20 per kilowatt and the quantity supplied rises by 40 percent. The supply of electricity is…
A benefit to a country of belonging to a regional trading bloc is that
Producing for a whole regional market instead of the home market alone allows a firm to
An advantage of economic development to a country is that
A disadvantage of rapid economic development is that
Development often draws people out of the countryside into the towns faster than housing and services can be built. The usual result is
A group of neighbouring countries that agree to remove tariffs and quotas on trade between themselves is called a trading ...
International trade is best described as
The process of transforming a raw material into a semi-finished or finished product so that it is worth more than it was in its raw state…
Which of the following is a component of national income measured by the expenditure method?
In the expenditure measure of national income, net exports are
Which practice is an example of the sustainable use of a country's natural resources?
A benefit of economic growth to a country's government is that
Protecting a new domestic industry with a tariff is usually justified on the ground that
A negative effect of protectionism on a country's own consumers is that
Which measure is used most directly to control the rate of population growth in a country?
Educating girls to a higher level tends to slow population growth because educated women
Poverty contributes to the spread of HIV and AIDS in a developing country mainly because
Migrant labour in mining, commercial farming and cross-border haulage helps spread HIV and AIDS because
Illiteracy raises the risk of HIV infection in a population because people who cannot read
In economics, a person is counted as unemployed when he or she is
A country's labour force is 5 000 000 people and 750 000 of them are unemployed. Calculate the unemployment rate as a percentage.
Which of the following people forms part of a country's labour force?
A government builds roads, dams and housing and cuts taxes in order to reduce unemployment. This policy works because
Retraining workers whose industry has closed down is aimed mainly at reducing
Unemployment caused by a general fall in aggregate demand during a recession is called ... unemployment.
A characteristic of home trade, as opposed to foreign trade, is that
Which document is needed in foreign trade but not in ordinary home trade?
Home trade is made up mainly of
A problem of free trade for a developing country is that infant industries
Dumping, which free trade leaves a country exposed to, occurs when
Developing countries often gain less from free trade than industrial countries do because they
Economic growth is best defined as
Horizontal integration takes place when
A reason a firm carries out horizontal integration is that
Cost push inflation arises when trade unions win wage increases that are
A depreciation of a country's currency causes cost push inflation because it
Which government action would directly cause cost push inflation?
Inflation damages money's function as a store of value because