A long-term asset, such as land or building is termed as?
Correct answer A. capital asset
Tip: press A, B, C or D to answer, and N for the next question.
Advertisement
More Basic of Economics questions
See allMention the term which is used for the large-scale removal of individual and corporate investment capital and income from a country?
Correct answer D. Capital flight
Name the system in which the means of production and distribution are privately or corporate owned and development is proportionate to the accumulation and reinvestment of profits which are gained in a free market?
Correct answer A. Capitalism
Advertisement
What is called the crop which is grown for sale rather than the farmer’s own use?
Correct answer B. Cash crop
Which of the following is the Pakistan’s central bank?
Correct answer A. State Bank
Discussion