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Basic of Economics

Name the organization in which people are associated together for a common purpose under a common name. This organization is recognized and created by law ?

Basic of Economics, Economics Mcqs /
Name the organization in which people are associated together for a common purpose under a common name. This organization is recognized and created by law ?

A. Company
B. Corporation
C. Cooperative
D. Limited Company

Name the organization in which people are associated together for a common purpose under a common name. This organization is recognized and created by law ? Read More »

Basic of Economics, Economics Mcqs

A country can still gain from trading certain goods even though its trading partners can produce those goods more cheaply. How is known this principle ?

Basic of Economics, Economics Mcqs /
A country can still gain from trading certain goods even though its trading partners can produce those goods more cheaply. How is known this principle ?

A. Relative Advantage
B. Complete Advantage
C. Comparative Edge
D. Comparative Advantage

A country can still gain from trading certain goods even though its trading partners can produce those goods more cheaply. How is known this principle ? Read More »

Basic of Economics, Economics Mcqs

What is called a place of work where all workers within a section must belong to a single official recognized trade union ?

Basic of Economics, Economics Mcqs /
What is called a place of work where all workers within a section must belong to a single official recognized trade union ?

A. Monopolized shop
B. Monopolized area
C. Closed shop
D. Monopolized market

What is called a place of work where all workers within a section must belong to a single official recognized trade union ? Read More »

Basic of Economics, Economics Mcqs