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WorksheetsEconomics and Banking
Total questions: 10
Worksheet time: 8mins
The study of how individuals and business makes decision to allocate their resources is called
(a)
1. The study of overall economic behavior is (a) .
1. The government or other centralized group completely or partially determines what to produce is called (a) .
A blend of planned and free market economies. Individuals and businesses determine what to produce, along with some level of government involvement.
(a)
(a) is an economic system in which a state’s government makes all economic decisions and controls all the social services as well as many of the major resources required for the production of goods and services.
Individual base or company base study of economics is called
(a)
Single seller who can set the price of market.
oligopoly
duopoly
monopoly
none of them
Two sellers based market
duopoly
monopoly
both of them
none of them
Coca Cola and Pepsi is an example of --------- market system
oligopoly
monopoly
duopoly
none of them
STC is an example of
Monopoly
Oligopoly
Duopoly
none of them
