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.Management Sciences
Category: Basic of Economics
Which term is used for an engagement in risky business with the idea of making a large profit in short time ?
A. Idealism
B. Blind game
C. Speculation
D. Risk covering
GNP is_______________?
A. Total sales in the economy
B. Total monetary transactions in an economy
C. The market value of all goods and services produced in an economy
D. Total spending in an economy
Name a gold, silver, or platinum coin than usually traded at slightly more than its current bullion value ?
A. Hard Leaf
B. Maple Leaf
C. Green Leaf
D. Gold Leaf
To what does the phrase terms of trade refer ?
A. the currency exchange rate
B. the difference between the value of visible exports and visible imports
C. The government’s policies to increase exports
D. the rate at which exports are exchanged for imports
Depression is a drastic decline in a national or international economy. It’s characteristic is_____________?
A. Decreasing business activity
B. Falling prices
C. Unemployment
D. All of these
What is Euro ?
A. Deposit outside one’s home country but in the home country currency
B. European currency unit, introduced on January 1, 1999
C. Both of them
D. None of them
Name a market that is characterized by a small number of producers who often act together to control the supply of a particular good and its market price ?
A. Oligopoly
B. Monopoly
C. Oligopsony
D. Grey market
What is the rate of exchange or exchange rate ?
A. Power to buy foreign currency
B. Foreign currency holding
C. Ratio at which unit of one country’s currency is exchanged for unit of another country currency
D. None of them
What is meant by excise?
A. A tax levied on certain articles produced and consumed in a country
B. A licensing charge or a fee levied for certain privileges
C. Both of them
D. None of them
Term a film that is engaged in two or more unrelated businesses ?
A. Conglomerate
B. Multinational
C. giant
D. Incorporation
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