Practice mode / Basic of Economics Which of the following terms refers to income that is saved and not invested? A Option A: Capital B Option B: Deposit C Option C: Hoarding D Option D: Profit Correct answer C. Hoarding Show answer
Question 01 / Basic of Economics Development means economics growth plus? A Option A: Inflation B Option B: Deflation C Option C: Social change D Option D: Price stability Correct answer C. Social change Show answer Open question
Question 02 / Basic of Economics When aggregate supply exceeds aggregate demand? A Option A: Business inventory accumulate B Option B: Unemployment exists C Option C: Price of consumer goods rise D Option D: People save more than they intended to save Correct answer A. Business inventory accumulate Show answer Open question
Question 03 / Basic of Economics Government policy about exports and imports is called? A Option A: Monetary policy B Option B: Fiscal policy C Option C: Commercial policy D Option D: Finance policy Correct answer C. Commercial policy Show answer Open question
Question 04 / Basic of Economics National Income is essentially composed of? A Option A: All wealth of a nation B Option B: Annual Income of the central government C Option C: All income of the people on a year D Option D: Income derived from taxes by the central government Correct answer C. All income of the people on a year Show answer Open question
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