A minimum price which govt. allows seller to receive for a good or service____________________?

Related Mcqs:

1. The total amount by the federal govt. of the owner of the govt. securities is called___________________?

   A. Public debt
   B. Public finance
   C. Public good
   D. None

2. Changes in govt. spending and tax collection designed to achieve a full employment and non-inflationary domestic out put is called___________________?

   A. Fiscal policy
   B. Economic planning
   C. Economizing problem
   D. None

3. 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

4. An economic system in which property resources are publicly owned and govt uses central economic planning to direct & coordinate economic activities ?

   A. Command economy
   B. Closed economy
   C. Open economy
   D. None

5. A payment of money or goods & services by a govt. to a household or firm for which the payer receives no good or service directly in return______________?

   A. Tax
   B. Tariff
   C. Transfer payment
   D. Subsidy

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

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

7. A large govt. role and some degree of coordinated economic decision making directed towards transforming the economy are usually viewed as essential components of__________________?

   A. Tradititional economics
   B. Development economics
   C. Political economics
   D. None

8. Situation in which govt. intervention in an economy worsens outcomes__________________?

   A. Govt. failure
   B. Market perfection
   C. Govt. inefficiency
   D. None

9. A payment of funds by a govt. firm or house hold for which it receives no goods or services in return?

   A. Subsidy
   B. Tax
   C. lump-sum-tax
   D. None

10. Major financial institution responsible for issuing currency, managing foreign reserves implementing monetary policy and providing banking service to the govt. and commercial banks ?

    A. Central Bank
    B. State Bank
    C. Both
    D. None