An economic system in which traditions and customs determine how the economy would use its scare resources ?
A. Traditional economy
B. Mixed economy
C. capitalistic economy
D. Command economy
A. Traditional economy
B. Mixed economy
C. capitalistic economy
D. Command economy
A. Trade surplus
B. Trade deficit
C. Trade bloc
D. None
A. Technology
B. Advanced knowledge
C. Both
D. None
A. Tariff
B. Foreign exchange
C. Net profit
D. GNP
A tax imposed by a nation on an imported good is called_________________? Read More »
Agricultural economics A. Real income
B. Net income
C. Total income
D. None
Nominal income adjusted for inflation__________________? Read More »
Agricultural economics A. Public revenue
B. Public finance
C. Public good
D. None
A. Floor price
B. Ceiling price
C. Equilibrium price
D. None
A legally determined price above the equilibrium price is__________________? Read More »
Agricultural economics A. capital flight
B. capital account
C. capital deficit
D. All of these
A. Fiscal policy
B. Economic planning
C. Economizing problem
D. None
A. Market glut
B. Perfect market
C. Imperfect market
D. All of these