Question 1 of 6 46 total questions
Trade between two countries is known as
A bilateral trade.
B bilateria trade
C multilateral trade
D internal trade
All economic systems must decide what to produce because
A resources are not available
B consumers want maximum satisfaction
C resources are limited in supply
D producers want maximum profit
A commission
B profits
C fixed interest
D quasi-rent
Which of the following is not a function of an insurance company?
A pooling resources together against risks
B Mobilization of funds through premiums collected
C Encouragement of investment by security of capital
D collection of deposits from the public for investment
In Economics , a market is defined as any
A agreement made for consumers to buy all they need
B ngement made for producers sell all their goods
C agreement to sell commodities at low prices
D arrangement whereby the buyers and sellers are in contact
The action of government to forgo road construction in order to provide more health facilities denotes
A sound economic decision
B opportunity cost
C practicable government policy
D scale of preference
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