An economy which does not have any relation with the rest of the world is known as (1) Socialist economy (2) Closed economy (3) Open economy (4) Mixed economy

An economy which does not have any relation with the rest of the world is known as (1) Socialist economy (2) Closed economy (3) Open economy (4) Mixed economy
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Closed economy
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An economy which does not have any relation with the rest of the world is known as (1) Socialist economy (2) Closed economy (3) Open economy (4) Mixed economy

Description : An economy which does not have any relation with the rest of the world is known as (1) Socialist economy (2) Closed economy (3) Open economy (4) Mixed economy

Last Answer : (2) Closed economy Explanation: A Closed economy is an economy in which no activity is conducted with outside economies. A closed economy is self-sufficient, meaning that no imports are brought in ... The goal is to provide consumers with everything that they need from within the economy's borders.

With which form of economy is the term 'Laissez-faire' associated? (1) Capitalist economy (2) Socialist economy (3) Mixed economy (4) Command economy

Description : With which form of economy is the term 'Laissez-faire' associated? (1) Capitalist economy (2) Socialist economy (3) Mixed economy (4) Command economy

Last Answer : (1) Capitalist economy Explanation: In economics, laissez-faire means allowing industry to be free of state intervention, especially restrictions in the form of tariffs and government monopolies. ... industrial growth in the late 19th century both occurred in a laissezfaire capitalist environment.

Price mechanism is a feature of - (1) Capitalist economy (2) Barter economy (3) Mixed economy (4) Socialist economy

Description : Price mechanism is a feature of - (1) Capitalist economy (2) Barter economy (3) Mixed economy (4) Socialist economy

Last Answer : (1) Capitalist economy Explanation: Price mechanism is an economic term that refers to the manner in which the prices of commodities affect the demand and supply of goods and services. It is ... that only by allowing prices to move freely will the supply of any given commodity match demand.

With which form of economy is the term ‘Laissez-faire’ associated ? (1) Capitalist economy (2) Socialist economy (3) Mixed economy (4) Command economy

Description : With which form of economy is the term ‘Laissez-faire’ associated ? (1) Capitalist economy (2) Socialist economy (3) Mixed economy (4) Command economy

Last Answer : Capitalist economy

Price mechanism is a feature of (1) Capitalist economy (2) Barter economy (3) Mixed economy (4) Socialist economy

Description : Price mechanism is a feature of (1) Capitalist economy (2) Barter economy (3) Mixed economy (4) Socialist economy

Last Answer : Capitalist economy

Aneconomy in which there are no flows of labour, goods or money to and from other nations is a/an - (1) slow economy (2) mixed economy (3) closed economy (4) open economy

Description : Aneconomy in which there are no flows of labour, goods or money to and from other nations is a/an - (1) slow economy (2) mixed economy (3) closed economy (4) open economy

Last Answer : (3) closed economy Explanation: An economy that does not interact with the economy of any other country is known as closed economy. A closed economy is selfsufficient, meaning no imports are brought in ... It is the opposite of an open economy, in which a country conducts trade with outside regions.

An economy in which there are no flows of labour, goods or money to and from other nations is a/an (1) slow economy (2) mixed economy (3) closed economy (4) open economy

Description : An economy in which there are no flows of labour, goods or money to and from other nations is a/an (1) slow economy (2) mixed economy (3) closed economy (4) open economy

Last Answer : closed economy

Which of the following types of economy is an example of sustainable economy? A. Capitalist Economy B. Mixed Economy C. Socialist Economy D. Traditional Economy E. None of the Above

Description : Which of the following types of economy is an example of sustainable economy? A. Capitalist Economy B. Mixed Economy C. Socialist Economy D. Traditional Economy E. None of the Above

Last Answer : D. Traditional Economy Explanation: Traditional economies are considered sustainable because they are less harmful to the environment.

Consider the following Statements: Indicative Planning is a feature of ‘Mixed Economy’. Perspective Planning is used by socialist countries where each and every aspect of planning is controlled by the State. Which of the above Statement(s) is/are correct? A. A Only 1 B. B Only 2 C. C Both 1 and 2 D. D Neither 1 nor 2

Description : Consider the following Statements: Indicative Planning is a feature of Mixed Economy'. Perspective Planning is used by socialist countries where each and every aspect of planning is controlled by the State. Which of the above Statement( ... B. B Only 2 C. C Both 1 and 2 D. D Neither 1 nor 2

Last Answer : A. A Only 1

Economic Planning is an essential feature of: A. Capitalist economy B. Socialist Economy C. Mixed Economy D. Dual Economy

Description : Economic Planning is an essential feature of: A. Capitalist economy B. Socialist Economy C. Mixed Economy D. Dual Economy

Last Answer : B. Socialist Economy

"Closed Economy" means : (1) no provision for public sector (2) no provision for private sector (3) economy policy not well defined (4) a country having no imports and exports

Description : "Closed Economy" means : (1) no provision for public sector (2) no provision for private sector (3) economy policy not well defined (4) a country having no imports and exports

Last Answer : (4) a country having no imports and exports Explanation: Closed economy is an economy in which no activity is conducted with outside economies. A closed economy is self-sufficient, meaning that no ... The goal is to provide consumers with everything that they need from within the economy's borders.

A closed economy is one which - (1) Does not trade with other countries (2) Does not possess any means of international transport (3) Does not have a coatastal line (4) (4) Is not a member of the U.N.O.

Description : A closed economy is one which - (1) Does not trade with other countries (2) Does not possess any means of international transport (3) Does not have a coatastal line (4) (4) Is not a member of the U.N.O.

Last Answer : (1) Does not trade with other countries Explanation: A closed economy is one that has no exports or imports. An open economy is one that has exports and imports. In a closed ... surplus. In a closed economy, equilibrium price and equilibrium quantity determine consumer surplus and producer surplus.

Which of the following denotes an underdeveloped economy? a. High level of inequalities b. Low level of capital productivity c. A relatively closed economyd. All the above

Description : Which of the following denotes an underdeveloped economy? a. High level of inequalities b. Low level of capital productivity c. A relatively closed economy d. All the above

Last Answer : d. All the above

“Closed Economy” means: (1) no provision for public sector (2) no provision for private sector (3) economy policy not well defined (4) a country having no imports and exports

Description : “Closed Economy” means: (1) no provision for public sector (2) no provision for private sector (3) economy policy not well defined (4) a country having no imports and exports

Last Answer :  a country having no imports and exports

A closed economy is one which (1) Does not trade with other countries (2) Does not possess any means of international transport (3) Does not have a coatastal line (4) Is not a member of the U.N.O.

Description : A closed economy is one which (1) Does not trade with other countries (2) Does not possess any means of international transport (3) Does not have a coatastal line (4) Is not a member of the U.N.O.

Last Answer : Does not trade with other countries

A mixed economy refers to an economic system where - (1) The economy functions with foreign collaboration (2) Only t he private sector operates under government control (3) Both the government and the private sectors operate sectors operate simultaneously (4) No foreign investment is allowed

Description : A mixed economy refers to an economic system where - (1) The economy functions with foreign collaboration (2) Only t he private sector operates under government control (3) Both the government and the private sectors operate sectors operate simultaneously (4) No foreign investment is allowed

Last Answer : (3) Both the government and the private sectors operate sectors operate simultaneously Explanation: Mixed economy is an economic system in which both the state and private sector direct the ... and that the government wields indirect influence over the economy through fiscal arid monetary policies.

'Mixed economy' refers to - (1) the co-existence of heavy, small scale and cottage industries (2) the promotion of agriculture as well as cottage industries (3) the co-existence of rich as well as poor (4) the co-existence of public as well as private sector

Description : 'Mixed economy' refers to - (1) the co-existence of heavy, small scale and cottage industries (2) the promotion of agriculture as well as cottage industries (3) the co-existence of rich as well as poor (4) the co-existence of public as well as private sector

Last Answer : (4) the co-existence of public as well as private sector Explanation: Mixed economy is an economic system in which both the state and private sector direct the economy, reflecting characteristics of both market economies and planned economies.

A mixed economy works primarily through the - (1) market mechanism (2) central allocative machinery (3) market mechanism regulated by Government policy (4) market mechanism guided by Government participation and planning

Description : A mixed economy works primarily through the - (1) market mechanism (2) central allocative machinery (3) market mechanism regulated by Government policy (4) market mechanism guided by Government participation and planning

Last Answer : (4) market mechanism guided by Government participation and planning Explanation: Mixed economy is an economic system in which both the state and private sector direct the economy, ... enterprises and the accumulation of capital remain the fundamental driving force behind economic activity.

Mixed Economy means : (1) Promoting both agriculture and industries in the economy (2) Co-existence of public and private sectors (3) Co-existence of rich and poor (4) Co-existence of small and large industries

Description : Mixed Economy means : (1) Promoting both agriculture and industries in the economy (2) Co-existence of public and private sectors (3) Co-existence of rich and poor (4) Co-existence of small and large industries

Last Answer : (2) Co-existence of public and private sectors Explanation: A mixed economy is variously defined as an economic system consisting of a mixture of either markets and economic planning, public ... economies are mixed where the means of production are shared between the private and public sectors.

'Hire and Fire' is the policy of - (1) Capitalism (2) Socialism (3) Mixed Economy (4) Traditional Economy

Description : 'Hire and Fire' is the policy of - (1) Capitalism (2) Socialism (3) Mixed Economy (4) Traditional Economy

Last Answer : (3) Mixed Economy Explanation: In capitalism, people may sell or lend their properly, and other people may buy or borrow them. In many countries with mixed economies (part capitalism and part socialism) there are laws ... we can buy or sell, or what prices we can charge, or whom we can hire or fire.

‘Mixed economy’ refers to (1) the co-existence of heavy, small scale and cottage industries (2) the promotion of agriculture as well as cottage industries (3) the co-existence of rich as well as poor (4) the co-existence of public as well as private sector

Description : ‘Mixed economy’ refers to (1) the co-existence of heavy, small scale and cottage industries (2) the promotion of agriculture as well as cottage industries (3) the co-existence of rich as well as poor (4) the co-existence of public as well as private sector

Last Answer : the co-existence of public as well as private sector

Mixed Economy means : (1) Promoting both agriculture and industries in the economy (2) Co-existence of public and private sectors (3) Co-existence of rich and poor (4) Co-existence of small and large industries

Description : Mixed Economy means : (1) Promoting both agriculture and industries in the economy (2) Co-existence of public and private sectors (3) Co-existence of rich and poor (4) Co-existence of small and large industries 

Last Answer :  Co-existence of public and private sectors

A mixed economy refers to an economic system where (1) The economy functions with foreign collaboration (2) Only the private sector operates under government control (3) Both the government and the private sectors operate sectors operate simultaneously (4) No foreign investment is allowed

Description : A mixed economy refers to an economic system where (1) The economy functions with foreign collaboration (2) Only the private sector operates under government control (3) Both the government and the private sectors operate sectors operate simultaneously (4) No foreign investment is allowed

Last Answer : Both the government and the private sectors operate sectors operate simultaneously

A mixed economy works primarily through the (1) market mechanism (2) central allocative machinery (3) market mechanism regulated by Government policy (4) market mechanism guided by Government participation and planning

Description : A mixed economy works primarily through the (1) market mechanism (2) central allocative machinery (3) market mechanism regulated by Government policy (4) market mechanism guided by Government participation and planning

Last Answer : market mechanism guided by Government participation and planning

‘Hire and Fire’ is the policy of (1) Capitalism (2) Socialism (3) Mixed Economy (4) Traditional Economy

Description : ‘Hire and Fire’ is the policy of (1) Capitalism (2) Socialism (3) Mixed Economy (4) Traditional Economy

Last Answer : Mixed Economy

Laissez Faire policy is adopted in A. Socialist Economic system B. Capitalist Economic system C. Mixed Economic System D. Communist Economic System

Description : Laissez Faire policy is adopted in A. Socialist Economic system B. Capitalist Economic system C. Mixed Economic System D. Communist Economic System

Last Answer : B. Capitalist Economic system

India is good example for ________economy. A. socialist. B. mixed . C. capitalist. D. communist.

Description : India is good example for ________economy. A. socialist. B. mixed . C. capitalist. D. communist.

Last Answer : B. mixed .

What is meant by socialist economy ?

Description : What is meant by socialist economy ?

Last Answer : Socialist economy is the economy in which government ownership of resources and elements of production is maintained or no private ownership exists . In this case the ownership of the resources of ... authority empowered by the state for social welfare . This economy is also called planned economy.

What is instructional economy or socialist economy ?

Description : What is instructional economy or socialist economy ?

Last Answer : An economy in which most of the resources and means of production of the society are owned by the state or government is called instructional economy. This economy is also called socialist economy. ... . Because in this economy all economic decisions come from a central planning authority ( CPA) .

What are the differences between Capitalist economy and Socialist economy?

Description : What are the differences between Capitalist economy and Socialist economy?

Last Answer : Need answer

What are the characteristics of a socialist economy?

Description : What are the characteristics of a socialist economy?

Last Answer : It is 1) Nationalism, 2) Public welfare, 3)Taxation and 4)Centrally planned economy

Private ownership of property and resources is a characteristic of _____________ economy. a) socialist b) command c) market d) traditional

Description : Private ownership of property and resources is a characteristic of _____________ economy. a) socialist b) command c) market d) traditional

Last Answer : c) market

What is the economic system in the United States? Choose one: a. Communist economy. b. Capitalist economy. c. Socialist economy. d. None of these answers.

Description : What is the economic system in the United States? Choose one: a. Communist economy. b. Capitalist economy. c. Socialist economy. d. None of these answers.

Last Answer : Correct Answer: b. Capitalist economy.

An open economy is one wherea. Deficit financing is absentb. No export activitiesc. No import activitiesd. Economy opened to the world

Description : An open economy is one where a. Deficit financing is absent b. No export activities c. No import activities d. Economy opened to the world

Last Answer : d. Economy opened to the world A closed economy is one where there is no exporting or importing activity. it is generally a feature of underdeveloped economies.

1) Which among the following could be said to be an 'Open Economy'?a) A nation that follows the doctrine of Free-market and Laissez-faire economics b) A nation that trades with other nations in goods and services and financial assets c) An economy that operates without government intervention d) None of the above

Description : 1) Which among the following could be said to be an 'Open Economy'? a) A nation that follows the doctrine of Free-market and Laissez-faire economics b) A nation that trades with other ... services and financial assets c) An economy that operates without government intervention d) None of the above

Last Answer : : b) A nation that trades with other nations in goods and services and financial assets

Growing of two or more crops simultaneously on the same field in a definite pattern is known as - a. mixed cropping b. inter cropping c. mixed farming d. hybrid farming

Description : Growing of two or more crops simultaneously on the same field in a definite pattern is known as - a. mixed cropping b. inter cropping c. mixed farming d. hybrid farming

Last Answer : a. mixed cropping

Jaw relation of an edentulous patient has been established. The maxillary cast has been mounted on an articulator without a face bow. You decide to increase the occlusal vertical dimension by 4mm this will necessitate, A. Opening the articulator 4mm B. A new centric relation to be recorded C. A change in the condylar guide settings D. An increase in the rest vertical dimension

Description : Jaw relation of an edentulous patient has been established. The maxillary cast has been mounted on an articulator without a face bow. You decide to increase the occlusal vertical dimension by 4mm this ... C. A change in the condylar guide settings D. An increase in the rest vertical dimension

Last Answer : B. A new centric relation to be recorded

Which of the following are true in relation to Relaxation Response A. It is a physical state of deep rest B. Eliciting this reduces your metabolism C. Eliciting this reduces your blood pressure D. All of the above

Description : Which of the following are true in relation to Relaxation Response A. It is a physical state of deep rest B. Eliciting this reduces your metabolism C. Eliciting this reduces your blood pressure D. All of the above

Last Answer : D. All of the above

Which statement about the US economy is wrong? (A) The US has a capitalist mixed economy. (B) The US national debt is the world’s largest. (C) The US economy is shaped by the country’s huge natural resources, well developed infrastructure, and high productivity. (D) The USA is the largest exporter and importer of goods in the world.

Description : Which statement about the US economy is wrong? (A) The US has a capitalist mixed economy. (B) The US national debt is the world's largest. (C) The US economy is shaped by the country's ... infrastructure, and high productivity. (D) The USA is the largest exporter and importer of goods in the world.

Last Answer : (D) The USA is the largest exporter and importer of goods in the world. 

1. Which country has the briefest Constitution in the world? 2. Which petroleum refinery product has the lowest boiling point? 3. In which policy India opted for ‘Mixed Economy’? 4. In which state has India’s largest private sector sea port been commissioned recently? 5. By whom was the 'Shahnama' written?

Description : 1. Which country has the briefest Constitution in the world? 2. Which petroleum refinery product has the lowest boiling point? 3. In which policy India opted for Mixed Economy'? 4. In which state ... was given in which year? 20. During which reign was the East India Company founded in London?

Last Answer : Answer : 1. USA 2. Gasoline 3. Industrial Policy of 1948 4. Andhra Pradesh 5. Firdausi 6. 3½ ft 7. Hargobind Khurana 8. B. R. Ambedkar 9. NH 7 10. Punjab and Sind 11. Neutron 12. Junko Tabei 13. ... 16. Dr. F G. Banting 17. About 3 years since Dec 9, 1946 18. Wrought iron 19. 1991 20. Akbar

We know about all of the money that the U.S owes. But how much do we loan out to the rest of the world?

Description : We know about all of the money that the U.S owes. But how much do we loan out to the rest of the world?

Last Answer : foreignassistance.gov

What records a country's transactions (made by individuals, firms and government bodies.) with the rest of the world? a) Trade deficit b) Capital Budget c) Foreign imports d) Balance of Payments or BoP

Description : What records a country's transactions (made by individuals, firms and government bodies.) with the rest of the world? a) Trade deficit b) Capital Budget c) Foreign imports d) Balance of Payments or BoP

Last Answer : b) other things remaining equal

The balance of payments equals (a) The difference between household spending over earnings (b) The difference between government expenditure over its income © A measure of the value of economic transactions between residents of a country and rest of the world (d) The difference between inflation and unemployment.

Description : The balance of payments equals (a) The difference between household spending over earnings (b) The difference between government expenditure over its income © A measure of the value of economic ... a country and rest of the world (d) The difference between inflation and unemployment.

Last Answer : © A measure of the value of economic transactions between residents of a country and rest of the world

motion that seeks to reduce the amount of demand presented by government to Re. 1 /is known as - (1) Disapproval of policy Cut (2) Token cut (3) Economy cut (4) Vote on account

Description : motion that seeks to reduce the amount of demand presented by government to Re. 1 /is known as - (1) Disapproval of policy Cut (2) Token cut (3) Economy cut (4) Vote on account

Last Answer : (1) Disapproval of policy Cut Explanation: Disapproval of Policy Cut seeks to reduce the amount of the demand be reduced to Re.1/-' representing disapproval of the policy underlying the demand. A ... points mentioned in the notice and it shall be open to members to advocate an alternative policy.

The deliberate action of the government to stabilize the economy, as opposed to the inherent automatic stabilizing properties of the fiscal system, is known as a) Forced fiscal policy b) Manual fiscal policy c) Discretionary fiscal policy d) Automatic fiscal policy

Description : The deliberate action of the government to stabilize the economy, as opposed to the inherent automatic stabilizing properties of the fiscal system, is known as a) Forced fiscal policy b) Manual fiscal policy c) Discretionary fiscal policy d) Automatic fiscal policy

Last Answer : c) Discretionary fiscal policy

The process by which RBI or any Central bank protects the economy against adverse economic shocks is known as :a) protectionb) liberalizationc) stabilizationd) sterilization

Description : The process by which RBI or any Central bank protects the economy against adverse economic shocks is known as : a) protection b) liberalization c) stabilization d) sterilization

Last Answer : d) sterilization

If the total production in an economy is produced by “a few big firms” than this market is known as (a) Monopolistic Competition (b) Duopoly (c) Oligopoly (d) Discriminating Monopoly

Description : If the total production in an economy is produced by “a few big firms” than this market is known as (a) Monopolistic Competition (b) Duopoly (c) Oligopoly (d) Discriminating Monopoly

Last Answer : (b) Duopoly

If the total production in an economy for a product is produced by a few big firms, then this market is known as : (a) Monopolistic Competition (b) Oligopoly (c) Duopoly (d) Discriminating Monopoly

Description : If the total production in an economy for a product is produced by a few big firms, then this market is known as : (a) Monopolistic Competition (b) Oligopoly (c) Duopoly (d) Discriminating Monopoly

Last Answer : Oligopoly

If capital is available in large proportion and labour is less then the economy is known as (a) Labour intensive country (b) Capital intensive country. © Both (a) and (b). (d) None of the above.

Description : If capital is available in large proportion and labour is less then the economy is known as (a) Labour intensive country (b) Capital intensive country. © Both (a) and (b). (d) None of the above.

Last Answer : (b) Capital intensive country.

A motion that seeks to reduce the amount of demand presented by government to Re. 1/is known as (1) Disapproval of policy Cut (2) Token cut (3) Economy cut (4) Vote on account

Description : A motion that seeks to reduce the amount of demand presented by government to Re. 1/is known as (1) Disapproval of policy Cut (2) Token cut (3) Economy cut (4) Vote on account

Last Answer : Disapproval of policy Cut