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4861

A country's balance of payments is in deficit when

 

  • A. a country's payments for imports of invisible goods are greater than her receipts from exports of invisible goods
  • B. the total receipts from her export of visible and invisible goods are greater than her payments for visible and invisible imports
  • C. the total payments for visible and invisible imports are greater than the total receipts from her exports of visible and invisible goods
  • D. It can record a surplus on current account of her balance of payments accounts
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4862

Population growth rate can be calculated as

 

  • A. birth rate- death rate + immigrants - emigrants
  • B. birth rate-death rate+migration rate-immigration rate
  • C. birth rate- death rate
  • D. birth rate- death rate-emigrants-immigrants
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4863

In the event of bankruptcy, owners of joint-stock companies lose

  • A. their private properties
  • B. only the capital invested
  • C. only their dividends
  • D. both company and private assets
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4864

Development plans in West Africa tend to deviate from their targets mainly due to

 

  • A. low level of education
  • B. high population growth rate
  • C. lack of manpower
  • D. political instability
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4865

An agricultural production process which uses more machinery relative to labour is referred to as

 

  • A. land intensive farming
  • B. large scale farming
  • C. capital intensive farming
  • D. commercial farming
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