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Basic Economics
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Basic Economics
Which of the following best describes the demand curve?
The quantity consumers would like to buy in an ideal world.
The quality of a product to satisfy human want.
Area of economics that deals with behavior and decision making of small units.
None of these
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Basic Economics
The French term Bourse refers to_________________?
Joint-stock
Stock market
A big company
A multinational company
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Basic Economics
Name the political and economic system in which the government owns and controls the means of production to benefit all the people ?
Capitalism
Socialism
Communism
Authoritarianism
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Basic Economics
In Western Europe in 9th C, originated military and social system in which a nobleman would grant the use of land to servant in return for service which is often military, and duty, Name the system ?
Land based system
Military system
Feudal system
Rural system
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Basic Economics
The intermediary agent in the purchase and sale of any good is known as ?
Agent
Broker
Dealer
Commission agent
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Basic Economics
Term the body of goods and monies from which future income can be derived ?
Solid asset
Net assets
Holdings
Capital
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Basic Economics
The amount value of an asset in business records is not necessarily identical to the amount that the asset could bring on the open market. What is it called ?
Real value
Book value
Open value
Artificial value
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Basic Economics
An adjustment is made in wages that corresponds with the change in the cost of living. What this adjustment is called ?
Cost effective adjustment
Free adjustment
Comparative adjustment
Cost of living adjustment
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Basic Economics
Mention the market for trading long-term debt instruments ?
Open market
Stock market
Capital market
International market
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Basic Economics
What is meant by capital stock ___________?
The total stated or par value of the permanently invested capital of corporation
Authorized amount of stock for issue by corporation
Both of them
None of them
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