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Central Problems Of An Economy
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Q.1
An economy succeeds in producing resources efficiently when
Goods and services are produced without resources being wasted.
The total number of goods manufactured is high.
The resources employe are the best
The resources employed for highly valued uses.
Q.2
A system of government in which power is divided between a central authority and a number of individual states
Federal
Unitary
Confederate
None of These
Q.3
Fundamental facilities and systems serving a country, city, or area, as transportation and communication systems, power plants, and schools
Globalization
Infrastructure
Industrialization
All of these
Q.4
Elected leaders do the day to day work of governing the country: they consider the issues, work to find the solutions, pass laws, and stuff to keep the country going. although citizens have the ultimate power
representative democracy
direct democracy
oligarchy
none of these
Q.5
OC full form
Opportunity Cost
Optical Carrier
Optical Connection
Orange County
Q.6
Full form of MOC
Marginal Opportunity Cost
Ministry of Coal
Q.7
Which country can have a high export materials of wood and timber?
Somalia
Uzbekistan
Sweden
Egypt
Q.8
Nomadic herding is
mainly to produce food for the family and to fulfill the needs
timber or wood production
crops only for one's own use
All of above
Q.9
Capital of Israel
Jerusalem
Tel-Aviv
Tehran
Both A & B
Q.10
Countries in Central Asia can't rely on crude oil export because of
Climate
Political issues
Physical geography
Low eonomy
Q.11
Subsistence farming is
animals raised for meat, eggs, milk, fur, leather, and wool
crops only for one's own use
for sale only
None of these
Q.12
Which country in Central Asia culturally more close to Persians rather than Turkic nations
Uzbekistan
Mongolia
Tajikistan
Kyrgyzstan
Q.13
Main export item of the Middle Eastern countries
Fruits and vegetables
Clothes
Oil
Cotton
Q.14
What is the capital of Turkmenistan?
Bishkek
Astana
Manama
Ashgabat
Q.15
What does export mean?
Selling goods to another country
Planting tree in desert area
Buying goods from another country
All of above
Q.16
What does Capitalism entail?
Free Enterprise
Profit Motive
Competition
All of these
Q.17
System of resource allocation, commerce, and trade in which markets coexist with government intervention
Free market
Mixed Market
Command
Both A & B
Q.18
An economy in which production, investment, prices, and incomes are determined centrally by a government.
Free Market
Mixed Market
Command
None of these
Q.19
Marx believed in
Private Ownership of the Means of Production
Dictatorship of the Proletariat
Religion
Profit Theory of Value
Q.20
How do Governments Make Money?
Tax the population
Go into business
Borrow
All of these
None of these
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