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.Management Sciences
Category: Basic of Economics
Quoted bid or highest price on inventor in willing to pay to buy a security is called ?
A. Offer price
B. Bid price
C. Quote price
D. Market price
Devaluation of currency can help to increase exports if elasticity of demand of exportable items in other countries is ?
A. Less than one
B. Greater than one
C. Equal to one
D. Zero
According to the law of demand. When ?
A. Price increase demand decreases
B. Price decreases demand decreases
C. Price increased demand increases
D. None of these
What is called the amount of non-military foreign aid which a country received ?
A. Grands
B. Official Development Assistance (ODA)
C. Foreign aid
D. Friendly aid
The comparative advantage comes if each trading partners has a product that will bring a better price in another country than it will at home. Which economist proposed the principle of comparative advantage ?
A. Adam Smith
B. David Ricardo
C. David Smith
D. Adam Ricardo
What is called the reduction in the rate of a currency
A. Devolution
B. Devaluation
C. Price cap
D. Cut-rate
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