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Economics Past Questions and Answers

Economics Questions

Question 4476:
When the rate of inflation increases ____________
  • A Savings will increase
  • B Income will increase
  • C Savings will decrease
  • D Prices will decrease
View Answer & Explanation
Question 4477:
The tax imposed on goods manufactured within a country is called ____________
  • A Value added tax
  • B Capital gains tax
  • C Excuse tax
  • D Profit tax
View Answer & Explanation
Question 4478:
One of the criticisms against delegated legislation is that it ____________
  • A Gives too much power to all organs of government
  • B Enhances separation of powers
  • C Encroaches on parliamentary power
  • D 1s not practised in advanced countries
View Answer & Explanation
Question 4479:
Devaluation of the countrys currency is as a result of ____________
  • A Forces of demand and supply
  • B Offical policies of local economy
  • C The economic meltdown
  • D Foreign polices
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Question 4480:
The economic system which relies mainly on the pnce mechanism for the allocation of scarce resources is known as ____________
  • A Capitalist economic system
  • B Command economic system
  • C Combined economic system
  • D Traditional economic system
View Answer & Explanation