Question 4536:

An advantage of electronic banking is that it ____________

A. Enables a customer to operate many accounts from different locations
B. Enables many customers to operate joint accounts
C. Enables a customer to operate his account from different locations
D. Reduces the risk of bank fraud

Question 4537:

The shape of the long-run average cost curve is best explained by the ____________

A. Law of diminishing returns
B. Iaw of returns to scale
C. Cost of fixed inputs
D. Cost of variable inputs

Question 4538:

The main economic objective behind the production of goods and services in any economy is to ____________

A. Maximize profit
B. Satisfy human wants
C. Become self-reliant
D. Job opportunities

Question 4539:

In market economic resources are allocated through the ____________

A. Government authorities
B. Price system
C. Banking system
D. Central planning bureau

Question 4540:

Which of the following statement describes a mixed economy?

A. The government and the private sector interact in solving the basic economic problems
B. The invisible hand solves the basic economic problem
C. The government produces and distributes all goods and services
D. Society answers the "what", 'how' and for 'whom' questions only through the market system