A decrease in the governmentally defined value of currency ____________________?

A. Inflation
B. Devaluation
C. Cheapness
D. All

An industry in which expansion through the entry of firms decreases the prices, firms in the industry must pay for resources and there fore decreases their production costs ?

A. Declining industry
B. Decreasing cost industry
C. Both
D. None

Cooperation among unification of the economies of different nations is termed as_____________________?

A. Economic bloc
B. Economic integration
C. Economic union
D. None

A simplified picture of economic reality, an abstract generalization ?

A. Economic theory
B. Economic principle
C. Economic model
D. None

An accounting item which increase the value of an asset___________________?

A. Debit
B. Credit
C. Loan
D. None

A type of unemployment caused by insufficient total spending___________________?

A. Under employment
B. Underdevelopment
C. Cyclical unemployment
D. None

A section in a nation’s international balance of payments which records its export and import of goods and services, its net investment income, and its net transfers ?

A. Current account
B. Fixed account
C. Saving account
D. Capital account

A legal entry chartered by a state or the federal govt. which is district and separate from the individuals who own it ?

A. Co-operative
B. Partnership
C. Corporation
D. None

A bank which lends to developing nations to help them increase their capital stock and this achieve economic growth ?

A. Imf
B. Islamic bank
C. Commercial bank
D. None

A curve showing the distribution of income in an economy___________________?

A. Lorenz curve
B. Indifference curve
C. Income budget line
D. Investment damage curve