A. Iron Ore
B. Wheat
C. Both of these
D. None of these
Economics Mcqs
Which mineral’s chief exporter is Russia?
A. Manganese
B. Rubber
C. Gold
D. Silver
China is the chief exporter of……………?
A. Rubber
B. Manganese’s
C. Rice
D. Gold
Of which mineral’s chief exporter is Mexico ?
A. Tin
B. Silver
C. Aluminum
D. Gold
Which country is the chief exporter of Tin ?
A. Malaysia
B. China
C. Russia
D. USA
Barter is the trade of goods or services with ?
A. free exchange of money
B. exchange of services
C. exchange of goods and services
D. None of them
Goods and monies from which future income can be derived is called ?
A. Net assets
B. Assets
C. Holdings
D. Capital
Crop grown for sale is called?
A. Business Crop
B. Cash crop
C. Money Crop
D. Earning Crop
A country can still gain from trading certain goods even though its trading partners can produce those goods more cheaply. How is known this principle?
A. Relative Advantage
B. Complete Advantage
C. Comparative Edge
D. Comparative Advantage
What are called goods that satisfy human wants through their direct use ?
A. cash goods
B. consumer items
C. consumer goods
D. cash items