The activity of buying or selling with the motive of later reselling or re buying for profit is called ?

Related Mcqs:

1. The ability of Market forces to synchronize selling and buying decision to eliminate potential surpluses and shortages is known as_________________?

   A. Generalization
   B. Specification
   C. Rationing function of the price
   D. None

2. 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

3. An organization of producers agreeing to limit the output of their product in an effort to raise prices and profit ?

   A. Cartel
   B. Capital account
   C. Buffer stock
   D. Capital account

4. Selling public assets to individuals or private business interests ?

   A. Publication
   B. Downsizing
   C. Privatization
   D. All

5. Recurring increase and decrease in the level of economic activity over periods of years?

   A. Business cycle
   B. Cyclic flow
   C. Both
   D. None

6. 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

7. The sale of products below sale of production in a foreign country or below the prices charged at home is called ?

   A. Dumping
   B. Subsidy
   C. Inflation
   D. Monopoly

8. Failure to achieve full production is called ?

   A. Unemployment
   B. Under employment
   C. Unplanned
   D. None

9. The total number of people living below a specified minimum level of real income, an international poverty line, is called ?

   A. Relative poor
   B. Real poverty
   C. Absolute poor
   D. None

10. Number of peoples and their level of skills is called as________________?

    A. Human resources
    B. Physical resources
    C. Capital resources
    D. None