Basic Economics Terms and Concepts

Gresham's Law states that -

Which among the following is a feature of good forecasting method?

Which one of the following statements is correct?

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

Hedging and speculation in forex markets ______

Solid marketing strategy is the foundation of a:

Variable cost is also known as _____

Innovation helps in:

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:

Product Cycle Model in international trade theory (Vernon, 1966) _____

Salesmanship is a/an:

Which one of the following statements is correct?

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

Examples of Internal source of recruitment of salesman is:

Work study is most useful:

Selection of salesman should consider which of the following capabilities of a person?

Marketing of standard goods is:

Interest is paid _____

When total cost is divided by total unit of production, we get _____