Basic Economic
Quiz on basic economics
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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.
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