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Economics Past Questions and Answers

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Economics Questions

Question 1076:

there is an improvement in the terms of trade of a country if?

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A A large quantity of exports is given up to obtain a unit of imports
B The volume of exports is greater than the volume of imports
C A smaller quantity of exports is given up to obtain a unit of imports
D The value of exports is greater than the value of imports

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Question 1077:

Under flexible exchange rates, a deficit could be corrected by?

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A Freezing the gold point
B Appreciation of other currencies
C Removing export subsidies
D Removing tariffs

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Question 1078:

The higher the the dependency ratio the?

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A Larger the proportion of the employed relative to the unemployed
B Smaller the proportion of the active labour force relative to the inactive
C Smaller the number of the non-working age groups relative to the active labour force
D Lower the birth rate

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Question 1079:

The age distribution of a country's population is of economic importance because it affects the?

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A Pattern of expenditure
B Size of the army
C Optimum size of firms
D Location of industries

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Question 1080:

It is important to measure the National Income of a country because?

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A It is a major determinant of the standard of living
B It reveals hazards of development like pollution and congestion
C It reveals the distribution of the citizen's savings in foreign banks
D Its size determines the extent of political stability

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