The ability of Market forces to synchronize selling and buying decision to eliminate potential surpluses and shortages is known as_________________?

Related Mcqs:

All goods and services produced in a country in one year are called its__________________?

A. GNP B. GDP C. NDP D. None of these...

Allocative efficiency is__________________?

A. Producing all output combinations in least costly way B. Producing the specific output mix most desired by society C. Producing the desired things D. None...

Urban migration is causing the labour force to grow at annual rates of _____________in LDC?

A. 10-20% B. 5-7% C. 30-35% D. 35-40%...

A payment of funds by a govt. firm or house hold for which it receives no goods or services in return?

A. Subsidy B. Tax C. lump-sum-tax D. None...

An agreement among sellers of a commodity to set a common price or share their commodity market?

A. Oligopoly B. Monopoly C. collusion D. All...