Economics MCQs

4475 MCQs  (Page 292 of 448)

What is the rate of exchange or exchange rate ?
A. power to buy foreign currency
B. foreign currency holding
C. ratio at which unit of one country’s currency is exchanged for unit of another country currency
D. none of them
The economics system planned economy is ?
A. in which economists control production
B. in which production and distribution of wealth is under government’s control
C. in which technocrats control production
D. in which government controls distribution
Point out the use of the term price fixing ?
A. unlawful agreement between manufacturers to set and maintain specified price on typically competing products
B. artificial setting of price of commodity by government
C. both of them
D. none of them
Monoculture is ?
A. farming practice of growing a single crop
B. homogeneous nations
C. homogeneous market
D. homogeneous business