A condition when there is excessive produce in the market which lowers down the price is called__________________?

Related Mcqs:

1. Failure to use all available economic resources to produce goods and services is called__________________?

   A. Unemployment
   B. Underemployment
   C. Inflation
   D. Deflation

2. The price paid for the use of services of labour per unit of time is called__________________?

   A. Salary
   B. Income
   C. Wage
   D. All

3. The gradual decline over time in the value or price of one currency in terms of another as a result of market forces of supply and demand ?

   A. Depreciation
   B. Downsizing
   C. Rightsizing
   D. All

4. 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

5. The households and the business firms of the economy are called__________________?

   A. Public sector
   B. Ptivate sector
   C. Govt sector
   D. None

6. Total consumption deducted from total income is called__________________?

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

7. The part of economy which contains all govt. entities is called__________________?

   A. Public sector
   B. Private sector
   C. Public utility
   D. None

8. The sacrifice of some or all one economic goal, good, or services to achieve some other goal, good or service is called__________________?

   A. Trade block
   B. Trade union
   C. Trade offs
   D. All

9. A legally determined price above the equilibrium price is__________________?

   A. Floor price
   B. Ceiling price
   C. Equilibrium price
   D. None

10. 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