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Basic Economics
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Basic Economics
What is called a place of work where all workers within a section must belong to a single official recognized trade union ?
Monopolized area
Monopolized shop
Closed shop
Monopolized market
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Basic Economics
What is called the reduction in the rate of a currency
Price cap
Devaluation
Devolution
Cut-rate
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Basic Economics
Term the sole legal right to print or publish anything that belongs to the author ?
property right
Copyright
Sole right
rights
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Basic Economics
What is sales tax_____________?
Levied on the retail price of merchandise and collected by retailer
Tax on local produce
Tax deducted at source
Tax on gross sale
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Basic Economics
National income refers to ?
Money value of goods and and services produced in a country during a year.
Money value of capital goods produced by a country during a year.
Money value of stocks and shares of a country during a year.
None of these
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Basic Economics
Which country is the chief exporter of coffee?
USA
Mexico
Brazil
Australia
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Basic Economics
What is the cost effective ?
Substandard things
Cheap things
Economical in terms of the goods or services received for the money spent
Free in terms of the goods or services received for the money spent
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Basic Economics
The comparative advantage comes if each trading partners has a product that will bring a better price in another country than it will at home. Which economist proposed the principle of comparative advantage ?
David Smith
David Ricardo
Adam Smith
Adam Ricardo
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Basic Economics
What is Debt Service ?
repayments of external debt
Interest payments on external debts
none of these
Both of them
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Basic Economics
Mention the name for economic theory that the support of business that allows them to flourish will eventually benefit middle- and lower-income people in the form of increased economic activity and reduced unemployment?
Free market
Trickle down
End benefit
Capitalism
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