Basic Economics Terms and Concepts

Gresham's Law states that -

Which one of the following statements is correct?

_____ can be one of the approach used to tax online transactions.

When Compbell introduced its line of low sodium soups in response to consumer demand, it was following the idea of?

A graphical device used to determine the break-even point and profit potential under varying conditions of output and costs is known as:

Which one of the following statements is correct?

___________ is often used to raise revenue for a country and/or to protect domestic products.

Work study is most useful:

The biggest disadvantage of a fixed exchange rate is the:

Sales Forecasting of a new product is much difficult than that of-

Say's Law of Markets states that -

What does VALS stands for:

Which of the following is one of the types of price discrimination?

What does symbol ‘D’ imply in work-study:

Why is a high material standard of living simply not enough in society today?

Products that are made for direct consumption by the consumer are called-

Which of the following is one of the classifications of middlemen?

Break-even analysis consists of:

Which of the following is the advantages of advertisement to consumers?

Supernormal profit may exist in a market due to -