Other things being equal, an increase in the supply of money may lead to

Here are the solutions to the questions: 6. Other things being equal, an increase in the supply of money may lead to C. rise in the general price level. An increase in the money supply, without a corresponding increase in goods and services, typically leads to inflation, which is a rise in the general price level. 7. A physical measure that can be used to correct a chronic balance of payments deficit is D. an increase in import tariffs. Increasing import tariffs makes imported goods more expensive, reducing their demand and thus helping to decrease imports and correct a balance of payments deficit. 8. A country's per capita income will increase if her C. national income increases faster than population. Per capita income is calculated by dividing national income by the total population. For it to increase, the numerator (national income) must grow at a faster rate than the denominator (population). 9. A firm in a perfect market cannot fix its price above the ruling price because A. there will be no demand for the product. In a perfectly competitive market, firms are price takers. If a firm tries to sell its product above the market price, consumers will simply buy from other firms selling identical products at the lower market price, leading to zero demand for the overpriced product. 10. The share of the health sector represented by a pie chart with a sector of 125^ in a budget of \1,200 million is Step 1: Determine the fraction of the budget represented by the health sector. Fraction = Angle of sectorTotal angle in a circle = 125^360^ Step 2: Calculate the monetary value of this fraction from the total budget. Share = (125)/(360) × \1,200 million Share = (150,000)/(360) million Share = \416.666... million B. 416.66 million. 11. One feature of imperfect competition is that the B. price is higher than the marginal revenue. In imperfect competition, firms face a downward-sloping demand curve. To sell an additional unit, they must lower the price for all units, meaning the marginal revenue (revenue from selling one more unit) is always less than the price of that unit. 12. The final stage of economic integration will be marked by the C. harmonization of monetary and fiscal policies. The stages of economic integration typically progress from free trade areas to customs unions, common markets, and then economic unions. An economic union involves the harmonization of monetary and fiscal policies among member states, representing a very advanced stage of integration. 13. Cheques can be used in place of money mainly because they are B. generally acceptable and homogeneous. For cheques to function as a medium of exchange, they must be widely accepted as a form of payment. Their general acceptability and the standardized nature of their use make them function like money. 14. A feature of a public limited liability company is that C. it is required by law to publish its accounts. Public limited companies (PLCs) are typically listed on a stock exchange and have many shareholders. To ensure transparency and protect investors, they are legally required to publish their financial accounts. 15. The basic economic problems of all societies arise because of C. inadequate productive resources. The fundamental economic problem is scarcity, which means that human wants for goods, services, and resources exceed what is available. This is due to the limited nature of productive resources (land, labor, capital, entrepreneurship). That's 2 down. 3 left today — send the next one.