A term used by ILO to describe the basic goods and services necessary for a minimum standard of living ?

Related Mcqs:

A market in which products households sell and firms buy resources or the services of resources is__________________?

A. Resource market B. Product market C. Consumer market D. Producer market...

All points on the production possibility curve explain__________________?

A. Allocative efficiency B. Productive efficiency C. Less than full use of resources D. Unattainable levels of output...

The sacrifice of some or all one economic goal, good, or services to achieve some other goal, good or service is called__________________?

A. Trade block B. Trade union C. Trade offs D. All...

A measure of the real purchasing power of the community ?

A. Aggregate demand B. Total effective demand C. Total expenditure D. All...

A good and service is indivisible and to which the exclusion principle does apply is called_________________?

A. Public service B. Public good C. Public finance D. Public debt...