The sale of products below sale of production in a foreign country or below the prices charged at home is called ?

A. Dumping
B. Subsidy
C. Inflation
D. Monopoly

An increase either in real output (GDP) or in real output per capita is called___________________?

A. Economic development
B. Economic growth
C. Growth rate
D. Economic efficiency

Reproduction in the average total cost of producing a products as the firm expands the size of plants (its output) in the long run________________?

A. Economics of scale
B. Economics of mass production
C. Both of these
D. None of these

A condition when there is excessive produce in the market which lowers down the price is called__________________?

A. Market glut
B. Perfect market
C. Imperfect market
D. All of these

Changes in govt. spending and tax collection designed to achieve a full employment and non-inflationary domestic out put is called___________________?

A. Fiscal policy
B. Economic planning
C. Economizing problem
D. None

The transfer of savings from developing countries to industrially advanced countries to avoid govt. expropriation, taxation and high rates of inflation is_________________?

A. Capital flight
B. Capital account
C. Capital deficit
D. All of these

The branch of economics which analyze govt. revenues and expenditures is__________________?

A. Public revenue
B. Public finance
C. Public good
D. None

Nominal income adjusted for inflation__________________?

A. Real income
B. Net income
C. Total income
D. None

A tax imposed by a nation on an imported good is called_________________?

A. Tariff
B. Foreign exchange
C. Net profit
D. Gnp

The body of knowledge and techniques which can be used to produce goods and service from economic resources is________________?

A. Technology
B. Advanced knowledge
C. Both
D. None