The difference between the amount produced by a firm and the higher amount that could most efficiently be produced is termed as:
(a) Excess Profit
(b) Excess Supply
(c) Excess Capacity-✔️
(d) Excess Demand
The control by the state through the banking system of dealings in gold and foreign currencies is called
(a) Exchange Control-✔️
(b) Exchange Economy
(c) Autarky(d) None of the above
The price at which one currency is exchanged for another currency is known as:
(a) Exchange Control
(b) Exchange Rate-✔️
(c) Exchange Economy
(d) All of the above
Indirect taxies levied upon goods produced for home consumption are called:
(a) Custom duties
(b) Excise duties-✔️
(c) Both of the above
(d) None of the above
Preferential treatment for firms that sell their products abroad, compared with firms that sell to the home market; is called:
(a) Export Surplus
(b) Export Rebate
(c) Export Incentives-✔️
(d) All of the above
The goods and services produced by one country that are sold in exchange for the second country’s own goods and services or for foreign exchange are called
(a) Import
(b) Export-✔️
(c) All of the above
(d) None of the above
The ratio of the total increase in a country’s national income to the increment in export revenue generating the increase is called:
(a) Export Surplus
(b) Export Incentive
(c) Export Multiplier-✔️
(d) All of the above
Goods which are produced for consumption rather than as an intermediate product used in the process of production are referred to as:
(a) By Product
(b) Final Goods-✔️
(c) Durable Goods
(d) Intermediate Goods
The provision of money when and where needed is called:
(a) Business
(b) Economics
(c) Finance-✔️
(d) Trade
The period of account used for financial purposes is known as:
(a) Financial Year
(b) Fiscal Year
(c) Both of the above-✔️
(d) None of the above
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