Recurring increase and decrease in the level of economic activity over periods of years?

Related Mcqs:

A measure of average output or real output per unit of input is called____________________?

A. Efficiency B. Production C. Productivity D. None...

Amount of other products which must be foregone or sacrificed to obtain 1 unit of a specific good is called its______________?

A. Opportunity cost B. Real cost C. Economic cost D. None...

An asset set aside for future use is termed as_______________________?

A. Future planning B. Store of value C. Speculation D. None...

The extreme case of physical resource endowment is ________________?

A. Gulf oil states B. United states America C. USSR D. South Africa...

The payment for the use of borrowed funds _____________?

A. Interest B. Loan C. Both D. None...