A legal entry chartered by a state or the federal govt. which is district and separate from the individuals who own it ?
A. Co-operative
B. Partnership
C. Corporation
D. None
A section in a nation’s international balance of payments which records its export and import of goods and services, its net investment income, and its net transfers ?
A section in a nation’s international balance of payments which records its export and import of goods and services, its net investment income, and its net transfers ?
A. Current account
B. Fixed account
C. Saving account
D. Capital account
A type of unemployment caused by insufficient total spending___________________?
A type of unemployment caused by insufficient total spending___________________?
A. Under employment
B. Underdevelopment
C. Cyclical unemployment
D. None
An accounting item which increase the value of an asset___________________?
An accounting item which increase the value of an asset___________________?
A. Debit
B. Credit
C. Loan
D. None
A simplified picture of economic reality, an abstract generalization ?
A simplified picture of economic reality, an abstract generalization ?
A. Economic theory
B. Economic principle
C. Economic model
D. None
Cooperation among unification of the economies of different nations is termed as_____________________?
Cooperation among unification of the economies of different nations is termed as_____________________?
A. Economic Bloc
B. Economic integration
C. Economic union
D. none
An industry in which expansion through the entry of firms decreases the prices, firms in the industry must pay for resources and there fore decreases their production costs ?
An industry in which expansion through the entry of firms decreases the prices, firms in the industry must pay for resources and there fore decreases their production costs ?
A. Declining industry
B. Decreasing cost industry
C. Both
D. None
A decrease in the governmentally defined value of currency ____________________?
A decrease in the governmentally defined value of currency ____________________?
A. Inflation
B. Devaluation
C. Cheapness
D. All
Increases in the price level resulting from an excess of demand over output at the existing price level, caused by an increase in aggregate demand ?
Increases in the price level resulting from an excess of demand over output at the existing price level, caused by an increase in aggregate demand ?
A. Demand pull inflation
B. Stagflation
C. Both
D. None
Failure to achieve full production is called ?
Failure to achieve full production is called ?
A. Unemployment
B. Under employment
C. Unplanned
D. None