An economic system in which property resources are privately owned and markets and prices are used to direct and coordinate economic activities________________?

Related Mcqs:

The amount by which a nation’s import of goods (or goods and services) exceeds its export of goods or goods and services is________________?

A. Trade surplus B. Trade deficit C. Trade bloc D. None...

__________________provides an overview of the operation of the capitalist system ?

A. Indifference curve B. Income budget line C. Circular flow model D. Says law...

Labour force engage in Agriculture in economically developed nations ?

A. 5% B. 10% C. 15% D. 2%...

Monopoly and oligopoly are the examples of___________________?

A. Perfect competition B. Imperfect competition C. Pure competition D. None...

Major financial institution responsible for issuing currency, managing foreign reserves implementing monetary policy and providing banking service to the govt. and commercial banks ?

A. Central Bank B. State Bank C. Both D. None...