What refers to the exchange mechanism that brings together the sellers and the buyers of a product, factor of production or financial security ?

Related Mcqs:

1. Aside from many sellers and many buyers, which one is a characteristic of perfect competition ?

   A. Homogeneous product
   B. Free market entry and exit
   C. Perfect information and absence of all economic friction
   D. All of the above

2. What is the market situation exist when there are many buyers and many sellers ?

   A. Perfect competition
   B. Oligopoly
   C. Oligopsony
   D. Monopoly

3. If there are many sellers and few buyers, the market situation is ______________________?

   A. Duopsony
   B. Oligopoly
   C. Oligopsony
   D. Monopoly

4. What market situation exists where there are few sellers and few buyers ?

   A. Oligopoly
   B. Oligopsony
   C. Bilateral oligopoly
   D. Bilateral Oligopsony

5. What refers to a document that shows proof of legal ownership of a financial security ?

   A. Bond
   B. Bank note
   C. Coupon
   D. Check

6. What denotes in the fall in the exchange rate of one currency in terms of the others? This term is usually applies to the floating exchange rate______________?

   A. Currency appreciation
   B. Currency depreciation
   C. Currency devaluation
   D. Currency float

7. What is defined as a financial security note issued by business or corporation and by the government as a means of borrowing long-term fund ?

   A. T-bills
   B. Securities
   C. Bond
   D. Bank notes

8. What is defined as an entity which makes product, good or services available to buyer or consumer in exchange of monetary consideration ?

   A. Seller
   B. Manufacturer
   C. Producer
   D. Buyer or consumer

9. “When one of the factors of production is fixed in quantity or is difficult to increase, increasing the other factors of production will result in a less than proportionate increase in output”. This statement is known as the______________?

   A. Law of diminishing return
   B. Law of supply
   C. Law of demand
   D. Law of supply and demand

10. What refers to the market situation in which any given product is supplied by a very large number of vendors and there is no restriction against additional vendors from entering the market ?

    A. Perfect competition
    B. Oligopoly
    C. Oligopsony
    D. Monopoly