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Basic Economic

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Quiz on basic economics

ROZYLEENCHAUDHARY
Created Date 05.21.20
Last Updated 05.22.20
Viewed 21 Times
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Topics of this game:
  • Land, labour, capital and enterprenure are the .....
  • Unlike proprietorship, partnership has the advantage of more talent and skills.
  • Medicine is a want or a need, or can it be both?
  • Trade is possible only due to scarcity of resources.
  • Oversupply can bring down the price of the product.
  • China specializes in manufacturing sector so it does not have an important role in global economy.
  • Economic globalization has a major impact on political relations between countries.
  • Economic growth comes with sacrifices of environment and exploitation of society, for most Asian countries.
  • Fair trade is a government law that keeps check on unfair business practices.
  • World Bank gives loans to nations for major development projects, to nations.
  • Which is the apex bank of India?
  • Trade barriers purpose is to protect the local businesses.