Who is called the father of Economics?
Who is called the father of Economics?A. J.P Kense
B. David Ricordo
C. Adam Smith
D. Mankew
B. David Ricordo
C. Adam Smith
D. Mankew
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Free port is ?
Free port is ?A. Where no export duties are levied
B. Where no import duties are levied
C. Where no expert or import duties are levied
D. Where everything can be import or exportA(n) ________ is n example of a quota where foreigners hold quota licenses ?
A(n) ________ is n example of a quota where foreigners hold quota licenses ?A. export quota
B. embargo
C. auction quota
D. tariff quotaFundamentalists want the IMF to lend to crisis-stricken countries on condition that they undertake fundamental structural reforms in banking Joseph Stiglitz however thinks it is______________?
Fundamentalists want the IMF to lend to crisis-stricken countries on condition that they undertake fundamental structural reforms in banking Joseph Stiglitz however thinks it is______________?A. unrealistic for IMF to intervene in the financial markets of poor countries during the crisis
B. impractical for the IMF to loan short term as reforms can only be effective in the middle to long run
C. crucial that the IMF intervene in the reform of fiscal policy of the country and not the monetary policy
D. None of the statements above is correctIf the market price is below the equilibrium price ?
If the market price is below the equilibrium price ?A. quantity demanded will be greater than quantity supplied
B. quantity demanded will be less than quantity supplied
C. demand will be less than supply.
D. quantity demanded will equal quantity supplied .Negative externality is also known as ?
Negative externality is also known as ?A. external diseconomies
B. marginal damage
C. public goods
D. resource curseThe agro based industry is ?
The agro based industry is ?A. Woodwork
B. Dairy farms
C. Carpets
D. Iron work