ECONOMICS

What do you mean by the supply of goods?

• Stock available for sale

• Total stock in the warehouse

• The actual production of the goods

• Quantity of the goods offered for sale at a particular price per unit of time

Q. How many SDGs are there?

• 12

• 17

• 13

• 15

A person who uses and buys goods and services 

• money 
• producer 
• consumer 
• economics 

Importing more than exporting is

• trade surplus
• trade deficit
• balance of trade
• balance of payment

Which of the following is the relation that the law of demand defines?

• Income and price of a commodity

• Price and quantity of a commodity

• Income and quantity demanded

• Quantity demanded and quantity supplied

An increase in the value of currency is called

• appreciation
• depreciation
• trade surplus
• exchange rate

What do you mean by a mixed economy?

• Modern and traditional industries

• Public and private sectors

• Foreign and domestic investments

• Commercial and subsistence farming

What do you mean by Gross National Product?

• The total value of goods and services produced in the country

• The total value of all the transactions in the country

• The depreciation in the total value of goods and services produced in the country

• The total value of goods and services produced in the country and the net factor income from abroad

When price floor is set above equilibrium price it will result in?

• Shortage

• Surpluses

• Equilibrium

• None of the above