A. Exports
B. Imports
C. Both
D. None
Economics Mcqs
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
What term is given to unemployment caused by a downturn in the business cycle ?
A. Underemployment
B. Disguised unemployment
C. Temporary unemployment
D. Cyclical unemployment
Which of the following terms refers to income that is saved and not invested ?
A. Capital
B. Deposit
C. Hoarding
D. Profit
Development means economics growth plus ?
A. Inflation
B. Deflation
C. Social change
D. Price stability
When aggregate supply exceeds aggregate demand ?
A. Business inventory accumulate
B. Unemployment exists
C. Price of consumer goods rise
D. People save more than they intended to save
Government policy about exports and imports is called ?
A. Monetary policy
B. Fiscal policy
C. Commercial policy
D. Finance policy
National Income is essentially composed of ?
A. All wealth of a nation
B. Annual Income of the central government
C. All income of the people on a year
D. Income derived from taxes by the central government
What is called an arrangement of workers machines, and equipment in which the product being assembled passes consecutively from operation to operation or the process in which finished products are turned out in a mechanically efficient, though impersonal, manner ?
A. Assembly line
B. Production line
C. Both of them
D. None of them
The balance of payment is ?
A. Balance between a nation’s expenditure on imports and its receipts from exports
B. Total sum a state owned
C. Total liabilities of a nation
D. Shortfall in budget