A. Indifference curve
B. Lorenz curve
C. Budget line
D. Say’s law
Correct Answer: Budget line ✔
Last Updated: March 28, 2019
Related MCQs
- Tax levied on production of specific product on quantity of product purchased ?
- Private or public debt owed to foreign citizens firms and institutions ?
- Employment available resources so that the maximum amount of goods and services is produced?
- The absence of artificial barriers to trade among individuals and firms in different nations ?
- A rise in the general level of prices in an economy__________?
- A curve showing the distribution of income in an economy__________?
- A bank which lends to developing nations to help them increase their capital stock and this achieve economic growth ?
- A legal entry chartered by a state or the federal govt. which is district and separate from the individuals who own it ?
- A section in a nation’s international balance of payments which records its export and import of goods and services, its net investment income, and its net transfers ?
- A type of unemployment caused by insufficient total spending__________?
- An accounting item which increase the value of an asset__________?
- A simplified picture of economic reality, an abstract generalization ?
- Cooperation among unification of the economies of different nations is termed as__________?
- An industry in which expansion through the entry of firms decreases the prices, firms in the industry must pay for resources and there fore decreases their production costs ?
- A decrease in the governmentally defined value of currency __________?
- Increases in the price level resulting from an excess of demand over output at the existing price level, caused by an increase in aggregate demand ?
- Failure to achieve full production is called ?
- The sacrifice of some or all one economic goal, good, or services to achieve some other goal, good or service is called__________?
- The total amount buyers of goods and services sped or plan to spend__________?
- The demand schedule or the demand curve of all buyers of a good or service is called__________?
- An asset set aside for future use is termed as__________?
- A commercial bank authorized by state govt. to engage in business of banking ?
- A benefit or cost from production or consumption accruing without compensation to non buyers and non/sellers of the product is called__________?
- A tax levied on the cost of a board group of products__________?
- The part of economy which contains all govt. entities is called__________?
- The total amount by the federal govt. of the owner of the govt. securities is called__________?
- The ability of Market forces to synchronize selling and buying decision to eliminate potential surpluses and shortages is known as__________?
- A supply curve shifts because of change in__________?
- Change in quantity demanded is__________?
- When price for one and demand for other move in same direction we say them__________?
- Upward shift of the demand curve is due to__________?
- Allocative efficiency is__________?
- Commodities whose demand varies directly with money income are called__________?
- An individuals demand curve is down sloping because__________?
- Productive efficiency means__________?
- A good used together with another good is__________?
- determinants of demand are some times referred as__________?
- __________provides an overview of the operation of the capitalist system ?
- Hitler introduced ?
- The private ownership of resources and use of a system of market and prices to coordinate and direct economic activity__________?
- A particular set of institutional arrangement and a coordinating mechanism is__________?
- Any point inside the production possibility curve represents ?
- Directing domestic resources to output which a nation is highly efficient at producing is called__________?
- Opportunity cost is illustrated by the__________?
- The amount by which a nation’s export of goods (or goods and services) exceeds its import of goods or goods and services is__________?
- The activity of buying or selling with the motive of later reselling or re buying for profit is called ?
- All points on the production possibility curve explain__________?
- In__________ economics we look at desirability of certain aspects of the economy ?
- Amount of other products which must be foregone or sacrificed to obtain 1 unit of a specific good is called its__________?
- Production possibility curve is always concave because ?
- In __________ we avoid value judgments and focus on facts?