The greatest disadvantages of barter system is the need for?
A. Durability B. Divisibility C. Homogeneity D. Double coincidence of wants E. Portability Correct Answer: Option D – Double coincidence of wants
A table which shows the price of a commodity and the quantity of it that is demanded per unit time is a?
A. Time series B. Demand series C. Demand curve D. Demand schedule E. Time schedule Correct Answer: Option D – Demand schedule
Scarcity in Economics means that resources?
A. Are not enough to share among producers of goods and services B. Needed to satisfy human wants are limited C. Are never enough to share among consumers of goods and services D. Required to meet our essential wants are unlimited E. Can be managed if those who use...
The country that makes the largest contribution to the IMF is?
A. The USA B. Britain C. West Germany D. France E. Norway Correct Answer: Option A – The USA
The wholesale provides all the following services to the manufacturer except?
A. warehousing B. financing production C. marketing the product D. granting credit E. after-sales services Correct Answer: Option E – after-sales servicesProducts
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