The amount that is paid for carriage of goods by chips, railways, airways etc is called ?

Related Mcqs:

1. The price of computer chips used in the manufacture of personal computers has fallen. This will lead to _________ personal computer?

   A. a decrease in the quantity supplied of
   B. a decrease in the supply of
   C. an increase in the quantity supplied of
   D. an increase in the supply of

2. Amount of money needed to purchase the goods and services required to maintain a certain standard of living called ?

   A. Cost of living
   B. Basic requirement
   C. Cost of life
   D. None of the above

3. What is called amount of money to purchase the goods and services to maintain life ?

   A. Cost living
   B. Basic requirement
   C. Cost of life
   D. None of these

4. The amount value of an asset in business records is not necessarily identical to the amount that the asset could bring on the open market. What is it called ?

   A. Open value
   B. Book value
   C. Real value
   D. Artificial value

5. When an importing country sets limits on the amount of goods it will accept in certain product categories it is called a(n) ?

   A. quota
   B. barrier
   C. tariff
   D. embargo

6. A country can still gain from trading certain goods even though its trading partners can produce those goods more cheaply. How is known this principle ?

   A. Relative Advantage
   B. Complete Advantage
   C. Comparative Edge
   D. Comparative Advantage

7. A country can still gain from trading certain goods even though its trading partners can produce those goods more cheaply. How is known this principle?

   A. Relative Advantage
   B. Complete Advantage
   C. Comparative Edge
   D. Comparative Advantage

8. Inferior goods have _________ and luxury goods have _________?

   A. negative income elasticity income elasticity greater than 1
   B. income elasticity greater than 1, negative income elasticities
   C. Positive income elasticities, negative income elasticities
   D. None of the above

9. If the cross-price elasticity of demand between two goods is negative, then the two goods are ?

   A. normal goods
   B. unrelated goods
   C. Substitutes.
   D. Complements

10. _______ states that as real GNP per capita rises, people demand relatively more social goods and relatively fewer private goods?

    A. incomes policy
    B. Moral hazard
    C. Wagner’s law
    D. Fiscal policy