A. Cartel
B. Capital account
C. Buffer stock
D. Capital account
Related Mcqs:
- An organization which employs resources to produce a good or service for profit and own and operates one or more plants is called_______________?
A. Company
B. Factory
C. Firm
D. None - 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 - A measure of average output or real output per unit of input is called____________________?
A. Efficiency
B. Production
C. Productivity
D. None - 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 - A deliberate effort to replace major consumer imports by promoting the emergence and expansion of domestic industries such as textile, shoes etc ?
A. Import substitution
B. Export substitution
C. Autarchy
D. Industrialization - Total amount of income necessary to raise everyone who is below the poverty line up to that line ?
A. Subsistence income
B. Poverty gap
C. Absolutely poverty
D. None - Tax levied on production of specific product on quantity of product purchased ?
A. Sales tax
B. Excise tax
C. Income tax
D. All - 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 - 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
