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4866

Which of the following institutions is concerned with expanding developing countries' commodity trade?

 

  • A. World Trade Organization (WTO)
  • B. Economic Commission for Africa (ECA)
  • C. African Development Bank (AfDB)
  • D. United Nations Conference on Trade and Development (UNCTAD)
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4867

The transfer of ownership of a public enterprise to individual and firms is called

  • A. restructuring
  • B. Commercialization
  • C. nationalization
  • D. privatization
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4868

Which of the following equation is appropriate for determining the Net Domestic Product (NDP)

 

  • A. NDP = GNP - depreciation
  • B. NDP = GDP - depreciation
  • C. NDP = GDP x Net Income from abroad
  • D. NDP - GDP + Net Income from abroad
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4869

The charging of different prices to different groups of buyers for the same goods or services is called?

  • A. Monopolistic competition
  • B. Monopoly
  • C. Price discrimination
  • D. Price determination
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4870

Which of the following is necessary for the survival of small firms in West Africa?

 

  • A. High transportation costs
  • B. Inadequate collaterals for bank loans
  • C. Government assistance in the form of loans and tax holidays
  • D. Access to land for development
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