MCQs
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Correct answer
B. no effect on economic growth during the simultaneous five-year period but has a significantly negative effect on growth in the subsequent five years
Explanation
The correct answer is no effect on economic growth during the simultaneous five-year period but has a significantly negative effect on growth in the subsequent five years.
Correct answer
D. identical tariff rates in products from all countries of the world
Explanation
The correct answer is identical tariff rates in products from all countries of the world.
Correct answer
A. price will increase, quantity is ambiguous.
Explanation
The correct answer is price will increase, quantity is ambiguous..
Correct answer
D. Mahlab
Explanation
The correct answer is Mahlab.
Correct answer
A. A central authority determined the type and quantity of goods to be produced
Explanation
The correct answer is A central authority determined the type and quantity of goods to be produced.
Correct answer
B. II, III and IV only
Explanation
The correct answer is II, III and IV only.
Correct answer
A. reduce a worker’s current income but not necessarily their permanent income
Explanation
The correct answer is reduce a worker’s current income but not necessarily their permanent income.
Correct answer
C. SOEs in South Korea and Sweden generally achieve inferior economic results to those in Ghana
Explanation
The correct answer is SOEs in South Korea and Sweden generally achieve inferior economic results to those in Ghana.
Correct answer
A. consumer business and government demand for goods and services in excess of an economy’s capacity to produce
Explanation
The correct answer is consumer business and government demand for goods and services in excess of an economy’s capacity to produce.
Correct answer
B. all of the above
Explanation
The correct answer is all of the above.