Economics
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The economic term used to represent inequality in income distribution is
Answer: (C) Gini The economic term used to represent inequality in income distribution is Gini.
Answer: (C) Gini
The economic term used to represent inequality in income distribution is Gini.
See lessThe primary role of markets is to determine the
Answer: (D) price of goods The primary role of markets is to determine the price of goods.
Answer: (D) price of goods
The primary role of markets is to determine the price of goods.
See lessThe fundamental inputs (also called factors of production) are
Answer: (C) land, labor, and capital The fundamental inputs (also called factors of production) are land, labor, and capital.
Answer: (C) land, labor, and capital
The fundamental inputs (also called factors of production) are land, labor, and capital.
See lessA corporation (or a firm) is considered to be owned by its
Answer: (B) shareholders A corporation (or a firm) is considered to be owned by its shareholders.
Answer: (B) shareholders
A corporation (or a firm) is considered to be owned by its shareholders.
See lessWhich of the following is NOT an example of intangible assets?
Answer: (C) Raw material The raw material is NOT an example of intangible assets.
Answer: (C) Raw material
The raw material is NOT an example of intangible assets.
See lessWhat type of risk can be eliminated by diversification?
Answer: (A) Specific risk A specific risk that can be eliminated by diversification.
Answer: (A) Specific risk
A specific risk that can be eliminated by diversification.
See lessAn investment should be accepted if its Net Present Value (NPV) is
Answer: (D) positive An investment should be accepted if its Net Present Value (NPV) is positive.
Answer: (D) positive
An investment should be accepted if its Net Present Value (NPV) is positive.
See lessThe main function of World Trade Organization (WTO) is to ensure that trade flows
Answer: (D) all of above The main function of the World Trade Organization (WTO) is to ensure that trade flows smoothly, freely, and predictably.
Answer: (D) all of above
The main function of the World Trade Organization (WTO) is to ensure that trade flows smoothly, freely, and predictably.
See lessWTO is the successor organization of
Answer: (A) GATT WTO is the successor organization of GATT. [General Agreement on Tariffs and Trade]
Answer: (A) GATT
WTO is the successor organization of GATT. [General Agreement on Tariffs and Trade]
See lessUSMCA is a free trade agreement between/among
Answer: (B) US, Canada, Mexico USMCA is a free trade agreement between/among the US, Canada, Mexico. [USMCA stands for United States, Mexico, and Canada]
Answer: (B) US, Canada, Mexico
USMCA is a free trade agreement between/among the US, Canada, Mexico.
[USMCA stands for United States, Mexico, and Canada]
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