A. Inflation
B. Dearnen
C. Both
D. None
Related Mcqs:
- A curve showing the distribution of income in an economy___________________?
A. Lorenz curve
B. Indifference curve
C. Income budget line
D. Investment damage curve - 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 - The sale of products below sale of production in a foreign country or below the prices charged at home is called ?
A. Dumping
B. Subsidy
C. Inflation
D. Monopoly - To charge different prices for the goods of the same standard is called___________________?
A. Prices discrimination
B. Prices differentiation
C. Oligopoly
D. Prices elasticity - An economic system in which property resources are privately owned and markets and prices are used to direct and coordinate economic activities________________?
A. Pure capitalism
B. Command Economy
C. Closed economy
D. Open economy - The private ownership of resources and use of a system of market and prices to coordinate and direct economic activity________________?
A. Pure capitalism
B. Iaissez faire capital
C. Both
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 ?
A. Declining industry
B. Decreasing cost industry
C. Both
D. None - An organization of producers agreeing to limit the output of their product in an effort to raise prices and profit ?
A. Cartel
B. Capital account
C. Buffer stock
D. Capital account - The part of the urban economy of LDC’s characterized by small competitive individual or family firms, labour intensive methods, free entry and market determined factor and product prices?
A. Formal sector
B. Informal sector
C. Formal finance
D. Informal finance - Increase in the price level at a rate greater than expected ?
A. Dearness
B. Deflation
C. Stagflation
D. Unanticipated
