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Everyday Science Questions & Answers Section 94

This is the 94 section from Everyday Science. These questions and answers will be from Fiscal Policy, Technology and Economy.

Ques No.1: The three fundamental economic problems every human society must confront and resolve are

Ans: What, how, and for whom

Ques No.2: The three fundamental economic problems of what, how, and for whom are solved by

Ans: Markets

Ques No.3: Fiscal Policy consits of government's

Ans: Expenditure and taxation

Ques No.4: The maximum quantity of goods that can be efficiently produced by an economy using its scarce resources and available technology is called

Ans: Production-Possibility frontier

Ques No.5: Which economic term is used to measure the overall performace of an economy?

Ans: GDP

Ques No.6: Productive efficiency occurs when an economy cannot produce_______of one good without producing_________of another good.

Ans: More, Less

Ques No.7: The concept of invisible hand in the organization of supply and demand in a well-functioning market mechanism refers to the

Ans: Self-regulating economy

Ques No.8: The increase in economic integration among nations is termed as

Ans: Globalization

Ques No.9: Which from the following is NOT an example of intangible assets?

Ans: Buildings

Ques No.10: The following are the examples of financial assets except?

Ans: Raw material

Read more:

Everyday Science Questions & Answers Section 95
Everyday Science Questions & Answers Section 96
Everyday Science Questions & Answers Section 97
Everyday Science Questions & Answers Section 98
Everyday Science Questions & Answers Section 99

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