Question 1 Report
Given that a country's index of export price is 180 and that of import is 200, the terms of trade is
Answer Details
Terms of trade = Index of export/ Index of import x 100 = 180/200 x 100 = 90
Cooperative societies are formed mainly to
Which of the following factors is not a cause of change in demand? Changes in
A minimum price legislation is also called
Scale of preference shows
The use of the bank rate, cash ratio and open market operations constitute
If the quantity demanded of a commodity increases from 20 units to 30 units when there is an increase in price from $4.00 to $5.00, the elasticity of demand is
Gross National Product (GNP) less the provision for the wear and tear of assets is the
The sufficient condition for a firm to be in equilibrium is that the
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