International resources shared by all countries e.g ocean, air etc?

Related Mcqs:

1. 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

2. All the goods and services produced in a country in a year plus other sources of income for example foreign exchange earnings, foreign aid, foreign remittance, loans etc are called ?

   A. GDP
   B. NNp
   C. NDP
   D. GNP

3. A deliberate effort to replace major consumer imports by promoting the emergence and expansion of domestic industries such as textile, shoes etc ?

   A. Import substitution
   B. Export substitution
   C. Autarchy
   D. Industrialization

4. 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

5. Stocks of commodities held by the countries or international organizations to moderate the commodities price fluctuations ?

   A. Black market
   B. Buffer stocks
   C. Capital stocks
   D. Speculation

6. All international changes in ownership of merchandise passing across the customs borders of trading countries?

   A. Merchandise trade balance
   B. International trade laws
   C. Trade barriers
   D. Merchandise imports and exports

7. An organization which employs resources to produce a good or service for profit and own and operates one or more plants is called_______________?

   A. Company
   B. Factory
   C. Firm
   D. None

8. An industry in which expansion through the entry of firms decreases the prices, firms in the industry must pay for resources and there fore decreases their production costs ?

   A. Declining industry
   B. Decreasing cost industry
   C. Both
   D. None

9. Employment available resources so that the maximum amount of goods and services is produced?

   A. Large scale production
   B. Full production
   C. Fringe benefits
   D. None

10. 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