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4446

The stock exchange is an example of the

  • A. labour market
  • B. money market
  • C. commodity market
  • D. capital market
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4447

What happens when the central bank increases the bank rate in an economy

  • A. borrowing is discouraged
  • B. customers increase their borrowing
  • C. banks can increase their lending
  • D. money supply increases
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4448

In order to increase revenue, government should tax commodities for which demand is

  • A. perfectly price inelastic
  • B. price inelastic
  • C. price elastic
  • D. unitary elastic
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4449

The figure above shows change in demand for commodity x which is a normal good. Use it to answer the questions that follows

Which of the following caused the change in demand from D0 D0 to D2 D2?

  • A. Fall in income of consumer
  • B. Rise in the price of a substitute
  • C. Rise in the price of a complement
  • D. Fall in the supply of commodity x
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4450

Which of the following activities will not lead to economic growth?

  • A. Massive importation of capital goods
  • B. Intensive capital formation
  • C. Use of modern technology
  • D. Massive importation of consumer goods
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