31. In an industrial area, the location of industries is particularly influenced by ?
- A. extent of the division of labour
- B. external economies
- C. internal economies
- D. nearness to financial institution
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32. Which of the following is a transfer income
- A. dividends
- B. rent
- C. pensions
- D. interest
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33. The value added method used in measuring national income is to
- A. measure output at factor cost
- B. avoid multiple counting of output
- C. deduct depreciation of capital assets
- D. add net factor income from abroad
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34. Which of the following is most likely to be of benefit to a debtor
- A. inflation
- B. deflation
- C. revaluation
- D. monetization
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35. A measure of the value of money in an economy is the
- A. size of workers
- B. general price
- C. total level of savings
- D. total amount of loans granted by the banks
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36. One characteristic of money is that it should be?
- A. a standard of differed payment
- B. stable in value
- C. store of value
- D. acceptance by the central bank
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37. The function that distinguishes commercial banks from the central bank is that the former
- A. is a lender of last resort
- B. accepts deposits from the public
- C. services the public debt
- D. regulates foreign exchange
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38. Direct taxes include?
- A. excise duty
- B. ad valorem tax
- C. specific tax
- D. capital gain tax
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39. The control of aggregate demand through changes in government spending and tax rates is referred to as?
- A. monetary policy
- B. government policy
- C. income policy
- D. fiscal policy
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40. Which of the following is not a feature of economic underdevelopment
- A. monocultural economy
- B. high productivity
- C. low life expectancy
- D. income inequality
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