All of the goods which are scarce and limited in supply are called -

Related MCQs

• Scarce inputs that can yield utility through production or provision of goods and services are referred to as:
• The goods and services produced by one country that are sold in exchange for the second country’s own goods and services or for foreign exchange are called
• The excess of the value of imports of goods and services over the value of exports of goods and services is called:
• Which one of the following pairs of goods is an example for Joint Supply?
• If the supply curve is a straight line passing through the origin, then the price elasticity of supply will be -
• A trade of goods and services in the exchange for other goods or services rather than for money is known as:
• The value of the output of all goods and services produced within a nation's borders, normally given as a total for the year. It thus includes the production of foreign owned firms within the country, but excludes the income from domestically owned firms located abroad, is called:
• Which terns is used in economics for the market value of all goods and services in one year by labour and properly supplied by the residents of the country?
• G.D.P. (Gross Domestic Product) is the value of all goods and services:
• The theory of macroeconomics which holds that increases in the money supply are a necessary and sufficient condition for inflation, is called