A. Generalization
B. Specification
C. Rationing function of the price
D. None
Related Mcqs:
- The activity of buying or selling with the motive of later reselling or re buying for profit is called ?
A. Spillover
B. Speculation
C. Specializing
D. All - 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 - Yearly number of live births per 1000 population is termed as_________________?
A. Live birth rate
B. Crude birth rate
C. Infant birth rate
D. All - 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 - ______________assumes economic rationality and purely materialistic, individualistic, self interested orientation towards economic decision making?
A. Traditional economy
B. Political economy
C. Capitalistic economy
D. Open economy - The role of power in economic decision making is studied in________________?
A. Development economics
B. Traditional economics
C. Political economics
D. None of these - A country’s potential for economic growth is greatly influenced by its endowments of__________________?
A. Physical resources
B. Human resources
C. Both a and b
D. None of these - Selling public assets to individuals or private business interests ?
A. Publication
B. Downsizing
C. Privatization
D. All - Discount rate that causes a project to have a net present value of zero used to rank projects in comparison with market rates of interest?
A. Rate or returns
B. External rate or returns
C. Internal rate or returns
D. None - The monitory income a firm sacrifices when it uses a resource it rosins rather than supplying the resource in the market ?
A. Implicit cost
B. Explicit cost
C. Economic cost
D. Nominal cost
