A. Economic principle
B. Economic policy
C. Economic phenomena
D. Economic rationale
Related Mcqs:
- The transfer of savings from developing countries to industrially advanced countries to avoid govt. expropriation, taxation and high rates of inflation is_________________?
A. capital flight
B. capital account
C. capital deficit
D. All of these - In ___________________ we avoid value judgments and focus on facts?
A. Positive economics
B. Normative economics
C. Theoretical economics
D. factual economics - “Economics is the study of causes of material welfare” was defined by___________________?
A. Adam Smith
B. Marshall
C. Robins
D. Marks - A market in which products households sell and firms buy resources or the services of resources is__________________?
A. Resource market
B. Product market
C. Consumer market
D. Producer market - Production possibility curve is always concave because ?
A. The curve gets steeper as we move downward
B. The marginal benefit decreases as more of a good is consumed
C. In reflects the law of increasing opportunity cost
D. Resources are scarce - An asset set aside for future use is termed as_______________________?
A. Future planning
B. Store of value
C. Speculation
D. None - Urban population in LDC’s_________________?
A. 464 %
B. 50 %
C. 36 %
D. 20 % - A barrier to the attainment of a set target in a particular period of time?
A. Economic inefficient
B. Economic integration
C. Economic constraint
D. None - A tax which is a constant amount at all levels of GDP is termwd as ?
A. Fixed tax
B. Surcharge
C. Lump sum tax
D. None - Increasing a country’s stock of real capital (net investment in fixed essels)__________________?
A. Capital accumulation
B. Capital dumping
C. Capital stock
D. None
