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Basic Economics
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Basic Economics
Which term is used for an engagement in risky business with the idea of making a large profit in short time ?
Blind game
Idealism
Speculation
Risk covering
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Basic Economics
Point out the term for producer goods such as machinery that is used in production of commodities ?
Running capital
Capital assets
Capital goods
Hard capital
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Basic Economics
Balance of sheet is understood as ?
Performance of a company
Statements of accounts that shows debit and credit accounts under the broad heads
Profit in a year
Accurate economic position
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Basic Economics
Interest payments and any principal repayments which are due on a country’s external debt are known as ?
Service Charges
Debt Payment
Debt Charges
Debt service
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Basic Economics
A firm owns long-lived property that is used by a firm in the Production of its income. What this property is called ?
Fixed property
Unmovable asset
Production line
Fixed asset
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Basic Economics
Mention the name for that urban and rural region which is closely associated economically with an adjoining town or city. Term is also used to describe the area that is serviced by a port or coastal settlement ?
Hinterland
Dependent land
Country land
Parasite land
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Basic Economics
Economic system in which the government owns and controls the means of production to benefit all the people is called ?
Dictatorship
Capitalism
Socialism
Authoritarianism
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Basic Economics
Term the group of countries that have removed all restrictions on trade among themselves?
Free-trade zone
Close-Trade zone
Both of them
None of them
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Basic Economics
Term a large payment to a senior employee who is forced into retirement or fired as a result of takeover or similar development ?
Golden shake hand
Golden bonus
Friendly handshake
Golden handshake
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Basic Economics
From the sale of capital assets tax is levied on profits. What this tax is called ?
Excise duty
Capital gains tax
Profit tax
Capital tax
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