The process of deriving principles is called___________________?

Related Mcqs:

1. 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...

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. To charge different prices for the goods of the same standard is called___________________?

   A. Prices discrimination B. Prices differentiation C. Oligopoly D. Prices elasticity...

4. 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...

5. Total number of monetary units received by a firm from the sale of a product is called___________________?

   A. Total revenue B. Nominal profit C. Both D. None...

6. A process of production that uses a higher proportion of capital as compared to other factors of production ?

   A. Capital intensive technique B. Labour intensive technique C. Both a and b D. None of these...

7. The process of improving the quality of all human lives including sustenance, self esteem and freedom________________?

   A. Growth B. Economic growth C. Development D. All...

8. The study process by which a productive capacity of the economy is increased over time to bring about raising levels of national output and income?

   A. Development B. Economic growth C. Economic integration D. All...

9. 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...

10. A good used together with another good is___________________?

    A. Superior good B. Normal good C. Complementary good D. None...