A. Purchasing power
B. Income level
C. Gross purchasing power
D. Purchasing power parities (PPP)
Related Mcqs:
- 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 - Quoted bid or highest price on inventor in willing to pay to buy a security is called ?
A. Offer price
B. Bid price
C. Quote price
D. Market price - Pick out the generic term for the securities industry firms that buy sell and underwrite securities ?
A. Wall street
B. NASDAQ
C. Nikkei index
D. Yahoo index - What is called the centers around the ability of a national economy to generate enough interests and principal on its foreign debt ?
A. National economic risk
B. Country economic risk
C. Country finance risk
D. Foreign exchange risk - An evaluation of an individual’s or company’s ability to obligations or its likelihood of not defaulting is known as ?
A. Credibility
B. Credit risk
C. Credit credibility
D. Credit rating - From each according to his ability to each according to his need is the theoretical slogan of ?
A. Feudal System
B. Capitalist System
C. Fascist System
D. Communist System - Sana values a pair of blue jeans at Rs400. If the price is Rs350 Sana buys the jeans and generates consumer surplus of Rs50 Suppose a tax is placed on blue jeans that causes the price of blue jeans to rise to Rs450 Now sana chooses not to buy a pair of?
A. the deadweight has demonstrated
B. the ability-to-pay principle
C. the benefits principle
D. horizontal equity
E. The administrative burden of a tax. - What effect is working when the price of a good falls and consumers tend to buy it instead of other goods ?
A. The ceteris paribus effect
B. The diminishing marginal utility effect.
C. The substitution effect
D. The income effect - A _____ is a good offered either free or at low cost as an incentive to buy a product ?
A. patronage reward
B. spiff
C. price pack
D. premium - Nicole wants to avoid buying a car that is a lemon. She takes a car she would like to buy to her mechanic before she purchases it. This is known as ?
A. screening
B. signaling
C. moral hazard
D. adverse selection
