The situation with increasing unemployment and inflation is terms as ?

A. hyperinflation
B. reflection
C. stagflation
D. galloping

What is called the tax that is levied on retail price of merchandise collected by retailer ?

A. sales tax
B. general tax
C. local tax
D. gross tax

Currency that is expected to drop in value relative to other currencies is called ?

A. local currency
B. cold currency
C. lime currency
D. soft currency

Term the average income of the people of a country during a year ?

A. national income
B. domestic income
C. protection income
D. per capita income

Term the central market for buying and selling all kind of securities ?

A. a big company
B. stock exchange
C. joint stock
D. a multinational company

Deregulation is the reduction of government’s role in ?

A. controlling banks
B. controlling cooperation
C. controlling markets
D. none of them

Term the minimum income level below which a person is considered to be living in poverty ?

A. poverty level
B. poverty line
C. both of them
D. none of them

What is public sector ?

A. public corporations
B. central and local government
C. nationalized industries
D. all of them

What is inflation ?

A. increase in the amount of circulating money
B. lowering of purchasing power
C. decrease in the amount of circulation money
D. none of these

Governmental non-interference in commerce is called ?

A. free market economy
B. laissez faire also laisser faire
C. open market economy
D. liberal market economy