A very rapid growth in prices in which money loses its value to the point where even barter may be preferable is known as ?

Related Mcqs:

1. Barter is the trade of goods or services with ?

   A. free exchange of money B. exchange of services C. exchange of goods and services D. None of them...

2. A period of rapid population growth between a preindustrial stable population characterized by high birth and death rates and a later modern, stable population marked by low fertility and mortality is known as ?

   A. demographic transition B. population maturity C. demobilizing population D. birth-death transformation...

3. Micheal Roemer’s three-sector model shows that growth in the booming export sector I- reduces the price of foreign exchange II- retards other sectors’ growth by reducing incentives to export other commodities III- reduces incentives to replace domestic goods for imports IV- raises factor and input prices for non-booming sectors ?

   A. I and III only B. II and III only C. I, II and III only D. I, II , III only IV...

4. Because of the decrease in the value of money, there comes exaggerated increase in incomes and prices. How is termed this system ?

   A. Hyperinflation B. Ultra-inflation C. A cute inflation D. Super inflation...

5. Starting from a position where the nation’s money demand equals the money supply and its balance of payments is in equilibrium its balance of payments would move into a surplus position if there occurred in the nation a (an) ?

   A. decrease in the money supply B. increase in the money supply C. decrease in the money demand D. None of the above...

6. Reduction in the circulation of money resulting from fall of prices is known as ?

   A. deflation B. inflation C. cost effective D. cost...

7. Which of the following is not a possible cost of high fertility rates and rapid population growth ?

   A. increasing returns to natural resources with a direct impact on average food consumption B. increased urbanization and congestion C. a higher labor force growth rate and higher unemployment D. a working population that must support a large number of dependents...

8. Worker-managed socialism helped contribute to ________ ‘s rapid economic growth from 1959 to 1979?

   A. Yugoslavia B. Chile C. Vietnam D. Japan...

9. A number of relating prices of a group of commodities to their prices during an arbitrarily chosen based period is called ?

   A. Price index B. Price indexing C. Price fixing D. Price choosing...

10. When supply exceeds demand, sellers must lower prices to stimulate sales, when demand exceeds supply, prices increase as buyers compete to buy goods. What this theory is called in economics?

    A. Cost push theory B. Supply and Demand theory C. Fundamental theory D. Ricardo’s theory...