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
The sacrifice of some or all one economic goal, good, or services to achieve some other goal, good or service is called__________________?
The sacrifice of some or all one economic goal, good, or services to achieve some other goal, good or service is called__________________?
A. Trade block
B. Trade union
C. Trade offs
D. All
The total amount buyers of goods and services sped or plan to spend____________________?
The total amount buyers of goods and services sped or plan to spend____________________?
A. Total spending
B. Aggregate spending
C. Both a and b
D. None
The demand schedule or the demand curve of all buyers of a good or service is called____________________?
The demand schedule or the demand curve of all buyers of a good or service is called____________________?
A. Market demand
B. Total demand
C. Both
D. None
An asset set aside for future use is termed as_______________________?
An asset set aside for future use is termed as_______________________?
A. Future planning
B. Store of value
C. Speculation
D. None