Question

1.Market price = factor cost _________

A. + subsidy + indirect tax.

B. - subsidy - indirect tax.

C. - subsidy + indirect tax.

D. + subsidy - indirect tax.

2.Which of the following measures help the government to promote economic welfare?

A.Stabilising inflation rate.

B.Increase private universities.

C.Increase foreign students.

D.Allow a higher import.

3.Which of the following variables should be stabilised to promote investors confidence?

A.Export growth rate.

B.Net export.

C.Growth rate.

D.Crime rate.

Answer 1

1.market price = factor value - subsidy + indirect tax.

2. Which of the following measures help the government improve economic prosperity?

A. Stabilizing inflation.

3. Which of the following variables should be stabilized to increase investor confidence?

A. Rate of export growth.