In Zimbabwe in the 1990s, the Government Resorted to Printing

question 84

Multiple Choice

In Zimbabwe in the 1990s, the government resorted to printing money to pay the salaries of government employees because of:

• A)its need to avoid price
• B)controls. high rates of inflation.
• C)declining tax revenues.
• D)a need to stimulate the economy.

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Definitions:

Variable Costs

Costs that vary directly with the level of production or business activity, such as raw materials and labor.

Fixed Costs

Expenses that remain constant in total regardless of changes in the level of business activity or output.

Net Income

The total amount of profits earned by a company after all expenses and taxes have been deducted from revenue.

Special Order

A one-time order that is not considered part of the company's normal ongoing operations, often requiring special pricing or terms.