The stock exchange is a market for the buying and selling of?
A. monetary instruments B. new shares C. existing shares D. treasury bills Correct Answer: Option C – existing shares
The solution to the problem of double coincidence of wants requires a buyer and seller whose demands are precisely?
A. competitive B. composite C. supplementary D. complementary Correct Answer: Option D – complementary
In a centrally planned economy; the economic problem of deciding what to produce is dependent on?
A. average profit B. state command C. average cost D. relative prices Correct Answer: Option B – state command Explanation A centrally planned economy, also known as a command economy, is an economic system in which a central authority, such as a government,...
A scientific approach in economic analysis entails?
A. a deductive method only B. both inductive and normative methods C. a normative method only D. both inductive and deductive methods Correct Answer: Option B – both inductive and normative methodsProducts
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