The part of economy which contains all govt. entities is called__________________?

A. Public sector
B. Private sector
C. Public utility
D. None

A tax levied on the cost of a board group of products______________________?

A. Income tax
B. Sales tax
C. Consumer charge
D. None

A benefit or cost from production or consumption accruing without compensation to non buyers and non/sellers of the product is called_________________?

A. Speculation
B. Specialization
C. Spill over
D. Anti dumping

A commercial bank authorized by state govt. to engage in business of banking ?

A. National bank
B. State bank
C. Business authorized bank
D. None

An asset set aside for future use is termed as_______________________?

A. Future planning
B. Store of value
C. Speculation
D. None

The demand schedule or the demand curve of all buyers of a good or service is called____________________?

A. Market demand
B. Total demand
C. Both
D. None

The total amount buyers of goods and services sped or plan to spend____________________?

A. Total spending
B. Aggregate spending
C. Both a and b
D. None

The sacrifice of some or all one economic goal, good, or services to achieve some other goal, good or service is called__________________?

A. Trade block
B. Trade union
C. Trade offs
D. All

Failure to achieve full production is called ?

A. Unemployment
B. Under employment
C. Unplanned
D. None

Increases in the price level resulting from an excess of demand over output at the existing price level, caused by an increase in aggregate demand ?

A. Demand pull inflation
B. Stagflation
C. Both
D. None