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
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?
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
Ques No.9: Which from the following is NOT an example of intangible assets?
Ques No.10: The following are the examples of financial assets except?
Ans: Raw material
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