A good used together with another good is___________________?

Related Mcqs:

1. A particular set of institutional arrangement and a coordinating mechanism is___________________?

   A. Economic system
   B. Fascism
   C. Mixed system
   D. None

2. 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

3. 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

4. Total consumption deducted from total income is called__________________?

   A. Net income
   B. Gross income
   C. Saving
   D. None of these

5. The export of goods (or goods and services) of a nation less its imports of goods (or goods and services)__________________?

   A. Trade Balance
   B. Trade deficit
   C. Trade surplus
   D. None

6. Cooperation among unification of the economies of different nations is termed as_____________________?

   A. Economic Bloc
   B. Economic integration
   C. Economic union
   D. none

7. The total number of people living below a specified minimum level of real income, an international poverty line, is called ?

   A. Relative poor
   B. Real poverty
   C. Absolute poor
   D. None

8. Productive investments embodied in human persons?

   A. Fixed capital
   B. Human capital
   C. Both A and B
   D. non of these

9. Excess of total revenue over total costs_______________?

   A. Producer surplus
   B. Scarcity rent
   C. Both
   D. None

10. An agreement among sellers of a commodity to set a common price or share their commodity market?

    A. Oligopoly
    B. Monopoly
    C. collusion
    D. All