A. Trade block
B. Trade union
C. Trade offs
D. All
Correct Answer: Trade offs ✔
Last Updated: March 28, 2019
Related MCQs
- 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?
- A film on economics in which economists study and observe the details of an economic unit or a very small judgment of economy is__________?
- Meaningful statement about the economic behavior or the economy is called__________?
- An analytic approach in which we move from facts to theory, from a particular to general is called__________?
- A compensation device through which workers receive part of their pay in the form of share of their employer’s profit__________?
- A minimum price which govt. allows seller to receive for a good or service__________?
- A market in which products are sold by firms and bought by households is__________?
- An institution or mechanism which brings together buyers and sellers is called__________?
- The value of a product sold by a firm less the value of the products purchased and used by the firm to produce the product__________?
- The percentage of labour force unemployment at any time__________?
- A payment of money or goods & services by a govt. to a household or firm for which the payer receives no good or service directly in return__________?
- The export of goods (or goods and services) of a nation less its imports of goods (or goods and services)__________?
- An involuntary payment of money to govt. by a household or firm for which the household or firm receives no good or services directly in return ?
- An economic system in which property resources are privately owned and markets and prices are used to direct and coordinate economic activities__________?
- A physical establishment which performs one or more functions in production, fabrication and distribution of goods and services ?
- Legally established maximum price of a good or service__________?
- A market in which money of one nation can be used to purchase the money of other nation is called__________?
- An organization which employs resources to produce a good or service for profit and own and operates one or more plants is called__________?
- The monetary payment a firm must make to an outsider to obtain a resource__________?