Test your knowledge with 10 random questions from this subject.
A 'Balance of Payments' surplus occurs when:
'Globalization' is characterized by:
Internal economies of scale are:
'External Economies of Scale' are associated with:
The law of supply states that, ceteris paribus, the quantity supplied of a good:
Which of the following best defines the methodology in economics?
'National Income' can be defined as:
In the short run, the 'Cost-Output Relation' is typically represented by:
Which of the following is an example of an economic activity?
'Economic Profit' in the long run in a perfectly competitive market is: