A. International Trade
B. Speculation
C. International specialization
D. None
Related Mcqs:
- A market in which money of one nation can be used to purchase the money of other nation is called____________________?
A. Money market
B. International market
C. Foreign exchange market
D. All of these - A measure of average output or real output per unit of input is called____________________?
A. Efficiency
B. Production
C. Productivity
D. None - 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 - Reproduction in the average total cost of producing a products as the firm expands the size of plants (its output) in the long run________________?
A. Economics of scale
B. Economics of mass production
C. Both of these
D. None of these - The use of the resources of an individual or firm, a region, or a nation to produce one or a few goods and services ?
A. Specialization
B. speculation
C. Fly over
D. Capital flight - The rate of exchange of one nation’s currency for another nation’s currency?
A. Exchange rate appreciation
B. Exchange rate depreciation
C. Exchange rate determinant
D. None of these - 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 - Total money income received by the individual or recipients of income is called____________________?
A. Gross income
B. Net income
C. Personal income
D. None of above - Power of a good/ service to satisfy human desire/want is called____________________?
A. Utility
B. Worth
C. The point of satiety
D. All of these - The demand schedule or the demand curve of all buyers of a good or service is called____________________?
A. Market demand
B. Total demand
C. Both
D. None
