An association of producers to regulate prices by restricting output and competition is called

Related MCQs

• An early modern European economic theory that trade generates wealth of bullion which a government should encourage by promoting exports and restricting imports is called:
• The system of agricultural support by which market prices are fixed at above free market levels and government buys surpluses, thus supporting prices and raising farmer’s income is called:
• A very high rise in National Income at current market prices and a low rise at constant prices reveals -
• A commodity for which demand increases at higher prices and falls at lower prices is termed as:
• A cartel is an organization formed by producers. Its objectives are:
• An index (index number) of the prices of goods and services purchased by consumers to measure the inflation rate or the cost of living is called
• An unincorporated business formed by the association of two or more persons who share risks and profits is called:
• The share broker who sells shares in the apprehension of falling prices of shares is called
• Prices unadjusted for changes in the purchasing power of money are called:
• A sustained reduction in the general level of prices is called: