A. Economic system
B. Fascism
C. Mixed system
D. None
Related Mcqs:
- The coordinating mechanism of capitalism is a system of___________________?
A. Capital and laborers
B. Competition
C. Market and prices
D. All - An institution or mechanism which brings together buyers and sellers is called____________________?
A. Market
B. Resource Market
C. Product Market
D. None - An analytic approach in which we move from general to particular from theory to facts is_________________?
A. Induction
B. Deduction
C. Specification
D. None - Proportion of school aged children who don’t complete a particular school cycle ?
A. IIIiteracy rate
B. Dropout rate
C. Children un education rate
D. All - A barrier to the attainment of a set target in a particular period of time?
A. Economic inefficient
B. Economic integration
C. Economic constraint
D. None - Building of new factories in particular nation by corporations of other nations ?
A. Discrimination
B. Direct foreign investment
C. Profit maximization rule
D. Economies of scale - A labour union which limits its membership to workers with a particular skill ?
A. Labour union
B. Craft union
C. Credit union
D. None - A good used together with another good is___________________?
A. Superior good
B. Normal good
C. Complementary good
D. None - Other thing remain the same as price rises, the corresponding quantity supplied rises, as price falls the quantity supplied falls is___________________?
A. Say’s law
B. Keynes theory of supply
C. Law of supply
D. None - 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
