ECO 121 (CBT 3)

The difference between the selling price and the cost price is known as the _________

________ is defined as the rate at which a commodity is exchanged for money or other units of exchange.

The circular flow of goods and incomes shows the relationship between ___________

All graph showing all the combinations of goods and services that can be produced if all of society's resources are used efficiently is a __________

Utility theory is one of the techniques we can utilize to measure _________ behaviour.

A student chooses to study because the marginal benefit is greater than the __________ cost.

A recession is __________

Inflation is _________

Famous economists include all, EXCEPT ___________

If government decides to subsidize a good, there will be _________ for producer.