Question:

When a commodity is produced with low K/L ratio that commodity is ______intensive commodity

A.

labour

B.

capital

C.

human capital

D.

natural resources

Answer» b. capital

Question:

Current and capital accounts are examples of

A.

autonomous transactions

B.

accommodating transactions

C.

unilateral transactions

D.

balance of trade

Answer» a. autonomous transactions

Question:

Paper gold is also known as

A.

us dollar

B.

pound sterling

C.

sdr

D.

indian rupee.

Answer» c. sdr