If an economy went into a recession, which industry would experience the largest proportionate fall in sales, output and employment?A . Retail supermarketsB . Food processing industryC . Petrol retailingD . Luxury good manufacturersView...
When faced with a recession, the appropriate combination of policies for a government in order to generate a recovery isA . Tax cuts, reduced public expenditure and lower interest rates.B . Monetary expansion, increases...
Which of the following is also known as the International Bank for Reconstruction and Development?A . The European Central BankB . The World Trade OrganisationC . The International Monetary FundD . The World BankView...
All of the following are early indicators of a recovery from a recession except which one?A . A rise in business confidence.B . An acceleration in the growth of the money supply.C . A...
CORRECT TEXT A company in Country M owns a subsidiary in Country O valued at OS200 million. The rate of exchange between the Country M dollar (M$) and the Country O dollar (OS) is...
Which THREE of the following constitute injections into the circular flow of income?A . SavingsB . ExportsC . Government expenditureD . InvestmentE . ImportsF . TaxationView AnswerAnswer: A,E,F
Commercial banks can create credit because:A . central banks are 'lenders of last resort' and provide commercial banks with cash when neededB . banks are required to hold enough capital to meet bad debts.C...
Which of the following is the most likely cause of a demand deficient unemployment (or cyclical unemployment)?A . A fall in domestic interest ratesB . Significantly lower labor costs available in a developing countryC...
