The branch of economics which analyze govt. revenues and expenditures is__________________?
A. Public revenue
B. Public finance
C. Public good
D. None
A legally determined price above the equilibrium price is__________________?
A legally determined price above the equilibrium price is__________________?
A. Floor price
B. Ceiling price
C. Equilibrium price
D. None
The transfer of savings from developing countries to industrially advanced countries to avoid govt. expropriation, taxation and high rates of inflation is_________________?
The transfer of savings from develog countries to industrially advanced countries to avoid govt. expropriation, taxation and high rates of inflation is_________________?
A. capital flight
B. capital account
C. capital deficit
D. All of these
Changes in govt. spending and tax collection designed to achieve a full employment and non-inflationary domestic out put is called___________________?
Changes in govt. spending and tax collection designed to achieve a full employment and non-inflationary domestic out put is called___________________?
A. Fiscal policy
B. Economic planning
C. Economizing problem
D. None
A condition when there is excessive produce in the market which lowers down the price is called__________________?
A condition when there is excessive produce in the market which lowers down the price is called__________________?
A. Market glut
B. Perfect market
C. Imperfect market
D. All of these
Reproduction in the average total cost of producing a products as the firm expands the size of plants (its output) in the long run________________?
Reproduction in the average total cost of producing a products as the firm expands the size of plants (its output) in the long run________________?
A. Economics of scale
B. Economics of mass production
C. Both of these
D. None of these
An increase either in real output (GDP) or in real output per capita is called___________________?
An increase either in real output (GDP) or in real output per capita is called___________________?
A. Economic development
B. Economic growth
C. Growth rate
D. Economic efficiency
The sale of products below sale of production in a foreign country or below the prices charged at home is called ?
The sale of products below sale of production in a foreign country or below the prices charged at home is called ?
A. Dumg
B. Subsidy
C. Inflation
D. Monopoly
Power of a good/ service to satisfy human desire/want is called____________________?
Power of a good/ service to satisfy human desire/want is called____________________?
A. Utility
B. Worth
C. The point of satiety
D. All of these
All the goods and services produced in a country in a year plus other sources of income for example foreign exchange earnings, foreign aid, foreign remittance, loans etc are called ?
All the goods and services produced in a country in a year plus other sources of income for example foreign exchange earnings, foreign aid, foreign remittance, loans etc are called ?
A. GDP
B. NNp
C. NDP
D. GNP