Buying and selling of goods and services within the geographical areas of a country is called?
A. entrepot trade B. external trade C. domestic trade D. regional trade E. import trade Correct Answer: Option C – domestic trade
The factor of production which is described as wealth set aside for the the production of further wealth is called?
A. entrepreneur B. land C. capital D. goodwill E. labour Correct Answer: Option C – capital
Pure profits is the elements of the paid?
A. for land B. for capital C. a manager D. to an entrepreneur E. for labour Correct Answer: Option D – to an entrepreneur
Which of the following is gilt-edge security?
A. Government bonds and stocks B. Gold mine stocks C. Company shares and stocks D. Life insurance policy E. Bank stocks and securities Correct Answer: Option A – Government bonds and stocksThe part of business capital with which capital that does not change its form in the process of production is known as?
A. circulating capital B. nominal capital C. liquid capital D. fixed capital E. working capital Correct Answer: Option D – fixed capitalProducts
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