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4471

An example of transfer payments in national income accounting is

  • A. money transferred to another country
  • B. transfer of funds from one bank to another
  • C. unemployment allowance paid to the citizens
  • D. the amount paid to a worker on transfer
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4472

Which of the following industries will add more value to primary products?

  • A. Construction industry
  • B. Processing industry
  • C. Mining industry
  • D. Service industry
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4473

A consumer of a single commodity is in equilibrium when

  • A. his marginal utility is equal to zero
  • B. he can equate his demand with price
  • C. he equates marginal utility and price
  • D. he can equate his marginal and total utilities
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4474

Foreign investment and long term securities in the balance of payment accounts are recorded as

  • A. current account transaction
  • B. capital account transaction
  • C. balance of trade account transaction
  • D. invisible balance account transaction
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4475

A benefit that is present in all forms of economic integration is that

  • A. common agricultural policy is in place
  • B. the size of the market is widened
  • C. factors of production are free to move and be moved
  • D. common currency is in use
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