A. International Trade
B. Speculation
C. International specialization
D. None
Agricultural economics
International resources shared by all countries e.g ocean, air etc?
A. Global environment facility
B. Global commons
C. Global reserves
D. None
The payment for the use of borrowed funds _____________?
A. Interest
B. Loan
C. Both
D. None
In ___________________ we avoid value judgments and focus on facts?
A. Positive economics
B. Normative economics
C. Theoretical economics
D. factual economics
A deliberate effort to replace major consumer imports by promoting the emergence and expansion of domestic industries such as textile, shoes etc ?
A. Import substitution
B. Export substitution
C. Autarchy
D. Industrialization
The annual amount that a borrower must pay a lender over an above the total borrowed ?
A. Interest
B. Loan
C. Interest rated
D. None
A federal budget deficit caused by a recession and a consequent decline in tax revenues ?
A. Annual deficit
B. Cyclical deficit
C. Anticipated deficit
D. None
An individuals demand curve is down sloping because_____________________?
A. Price and quantity demanded are inversely related
B. P & D are directly related
C. There is no relation bet P & D
D. None
A measure of the real purchasing power of the community ?
A. Aggregate demand
B. Total effective demand
C. Total expenditure
D. All
All seem fully employed but in reality much of their time is spent in unproductive activities?
A. Disguised underemployment
B. Underemployment
C. Closed underemployment
D. None
