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A group of firms which produces identical or similar products__________________?
Related MCQs
A debit which monitory value, an amount awed by a firm or an individual__________?
A tax which is a constant amount at all levels of GDP is termwd as ?
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A federal budget deficit caused by a recession and a consequent decline in tax revenues ?
A labour union which limits its membership to workers with a particular skill ?
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Obtaining the socially optimal amounts of goods and services using minimum necessary resources ?
A course of action indented to correct or avoid a problem__________?
An industry in which economics profits are negative and which will, therefore, decrease its output as firms leave it ?
Building of new factories in particular nation by corporations of other nations ?
Increase in the price level at a rate greater than expected ?
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A payment of funds by a govt. firm or house hold for which it receives no goods or services in return?
An ownership share in a corporation__________?
The use of the resources of an individual or firm, a region, or a nation to produce one or a few goods and services ?
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The coordinating mechanism of capitalism is a system of__________?
The intersection of the supply curve and demand curve indicates ?
Determinant of supply is__________?
Other thing remain the same as price rises, the corresponding quantity supplied rises, as price falls the quantity supplied falls is__________?
A demand curve shifts because of change is__________?
Monopoly and oligopoly are the examples of__________?
Index measuring deprivation in basic human development in a country ?
Productive investments embodied in human persons?
A household’s or firm’s income in the form of goods or services ?
A deliberate effort to replace major consumer imports by promoting the emergence and expansion of domestic industries such as textile, shoes etc ?
Discount rate that causes a project to have a net present value of zero used to rank projects in comparison with market rates of interest?
The payment for the use of borrowed funds __________?
Loans not passed through formal banking system e.g. family loans?
Sum total of currency in circulation plus commercial bank demand deposits and sometimes savings bank time deposits?
All international changes in ownership of merchandise passing across the customs borders of trading countries?
A barrier to the attainment of a set target in a particular period of time?
Proportion of school aged children who don’t complete a particular school cycle ?
Situation in which govt. intervention in an economy worsens outcomes__________?
International resources shared by all countries e.g ocean, air etc?
he yearly number of children born alive per 1,000 women within a chil bearing age bracket?
The gradual decline over time in the value or price of one currency in terms of another as a result of market forces of supply and demand ?
Changing the term of existing loan__________?
The use of foreign currency as a medium of exchange in place of or long with the local currency e.g. (Mdexican Pesos)__________?
The principle that if one factor of production is fixed and constant addition of other factors are combined with it, the marginal productivity of variable factors will eventually decline ?
The process of improving the quality of all human lives including sustenance, self esteem and freedom__________?
A cooperative farm or other collectively organized unit ?
Technologies that by design produce less waste and use resources more efficiently ?
From of central bank that issues domestic currency for foreign exchange at fixed rates ?
Problems that occur to the individuals or society as a whole as a result of the unpopular consumption habits. Of another individual e.g drug addiction ?
A technological innovation that increase the production while using the same capital input?
A process of production that uses a higher proportion of capital as compared to other factors of production ?
A group of firms which produces identical or similar products__________________?
A. Plant
B. Industry
C. Company
D. Organization
Correct Answer:
Industry
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Last Updated:
March 28, 2019