In a free enterprise economy, the problems of what, how and for whom to produce are solved by :

Related MCQs

• Micro economic theory studies how a free enterprise economy determines:
• In the classical system, the basic economic problems are solved by:
• To whom do you attribute the ‘growth’ definition of economics?
• If in an economy, out of every additional Rs.100 of national income, Rs.20 is taxed, Rs.20 is saved, and Rs.10 is spent on imports, then the value of multiplier is:
• Who considered Political Economy as “an enquiry into the nature and causes of the wealth of nations”?
• Suppose a firm sells its product at a price lower than the opportunity cost of the inputs used to produce it. Which is true?
• Excess demand for money, according to Say’s law in the Economy:
• The normal condition of a capitalist economy in classical theory is:
• In classical system which of the following keeps the economy at full employment:
• In classical theory which of the following is found in the economy: