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Basic of Economics

How I measured the change in the cost of basic goods and services in comparison with a fixed base period ?

Basic of Economics, Economics Mcqs /
How I measured the change in the cost of basic goods and services in comparison with a fixed base period ?

A. Human Development Index (HDI)
B. Consumer Price Index (CPI)
C. Complete Price Index (CPI)
D. Comparative Price Index (CPI)

How I measured the change in the cost of basic goods and services in comparison with a fixed base period ? Read More »

Basic of Economics, Economics Mcqs

The comparative advantage comes if each trading partners has a product that will bring a better price in another country than it will at home. Which economist proposed the principle of comparative advantage ?

Basic of Economics, Economics Mcqs /
The comparative advantage comes if each trading partners has a product that will bring a better price in another country than it will at home. Which economist proposed the principle of comparative advantage ?

A. Adam Smith
B. David Ricardo
C. David Smith
D. Adam Ricardo

The comparative advantage comes if each trading partners has a product that will bring a better price in another country than it will at home. Which economist proposed the principle of comparative advantage ? Read More »

Basic of Economics, Economics Mcqs

Name the system in which the means of production and distribution are privately or corporate owned and development is proportionate to the accumulation and reinvestment of profits which are gained in a free market ?

Basic of Economics, Economics Mcqs /
Name the system in which the means of production and distribution are privately or corporate owned and development is proportionate to the accumulation and reinvestment of profits which are gained in a free market ?

A. Capitalism
B. Socialism
C. Free market economy
D. Liberalism

Name the system in which the means of production and distribution are privately or corporate owned and development is proportionate to the accumulation and reinvestment of profits which are gained in a free market ? Read More »

Basic of Economics, Economics Mcqs

Mention the term which is used for the large-scale removal of individual and corporate investment capital and income from a country ?

Basic of Economics, Economics Mcqs /
Mention the term which is used for the large-scale removal of individual and corporate investment capital and income from a country ?

A. Money flight
B. Capital drain
C. Free flow
D. Capital flight

Mention the term which is used for the large-scale removal of individual and corporate investment capital and income from a country ? Read More »

Basic of Economics, Economics Mcqs