The situation in which the same tax base is taxed more than once is called:
(a) Direct Taxation
(b) Double Taxation-✔️
(c) Indirect Taxation
(d) None of the above
A daily index of prices on the principal stock exchange in New York is called:
(a) Dow Jones industrial average-✔️
(b) Equity market indexl
(c) Both of the above
(d) None of the above
Large-scale shedding of employees by major corporations sometimes referred to the disposal of subsidiaries and other unwanted activities is called:
(a) Downsizing
(b) Rightsizing
(c) Both of the above-✔️
(d) None of the above
Two sellers only of a good or service in a market. This situation is:
(a) Monopoly
(b) Duopoly-✔️
(c) Oligopoly
(d) None of the above
Consumer goods that yield services or utility over time rather than being used up instantly are termed as
(a) Durable Goods-✔️
(b) Undurable Goods
(c) Both of the above
(d) None of the above
The setting up of mathematical models describing economic relationship testing the validity of such hypotheses is termed as:
(a) Econometrics-✔️
(b) Commerce
(c) Trade
(d) Finance
Any physical object, natural or man made, or service renderal: that could command a price in market is called:
(a) Consumer Goods
(b) Final Goods
(c) Economic Goods-✔️
(d) All of the above
The exploitation of developing countries by advanced countries is called:
(a) Embargoes
(b) Sanctions
(c) Economic Imperialism-✔️
(d) None of the above
A measure taken in respect of economic activity that has the intention of damage to another country’s economy is called:
(a) Economic Exploitation
(b) Economic Sanction-✔️
(c) Both of the above
(d) None of the above
Which sector is the largest and fastest growing sector of the world economy, providing more than 60% of global output?
(a) Agricultural Sector
(b) Service Sector-✔️
(c) Industrial Sector
(d) Forestry
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