Economics Quiz 4

Under the _____ exchange rate system, market forces automatically adjust the surplus and deficit in the Balance of Payments account.

What happens if the price floor is set higher than the equilibrium price?

What is society’s primary economic problem?

What exactly do you mean when you say “under perfect competition in the product market”?

The capital that is consumed by an economy or a firm in the production process is known as

A persistent fall in the general price level of goods and services is known as

Which of the following is the largest contributor of credit in rural household of India?

The National Highway Authority of India (NHAI) was operationalised in which year?

Which of the following is NOT a classification of E-Commerce?

If the demand for a good is inelastic, an increase in its price will cause the total expenditure of the consumers of the good to