Agriculture MCQs

Page No. 217

Increase in the price level at a rate greater than expected ?


aDearness

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bDeflation

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cStagflation

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dUnanticipated

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View Answer Unanticipated

To obtain the greates utility consumer should allocate money income so that last dollar spent on each good or service yields the same marginal utility ?


aLaw of diminishing return

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bSay’ law

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cLaw of diminishing marginal utility

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dSay’ law

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Total number of monetary units received by a firm from the sale of a product is called___________________?


aTotal revenue

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bNominal profit

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cBoth

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dnone of these

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View Answer Total revenue

A payment of funds by a govt. firm or house hold for which it receives no goods or services in return?


aSubsidy

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bTax

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clump-sum-tax

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d None

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View Answer Subsidy

An ownership share in a corporation___________________?


aStock

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bCorporation

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c Both

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dNone

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View Answer Both

The use of the resources of an individual or firm, a region, or a nation to produce one or a few goods and services ?


aSpecialization

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bspeculation

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cFly over

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dCapital flight

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View Answer Specialization

An interest bearing deposit which normally can be withdrawn by the depositor at any time ?


aSaving deposit

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bFixed deposit

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cCapital deposit

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dNone

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View Answer Saving deposit

An essentially risk free, long term interest rate which is free of the influence of market imperfections?


aPure rate of interest

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bEconomic rate of interest

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c Nominal rate of interest

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dNone

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View Answer Pure rate of interest

A good and service is indivisible and to which the exclusion principle does apply is called_________________?


aA. Public service

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b Public good

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cPublic finance

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dPublic debt

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View Answer Public good

The coordinating mechanism of capitalism is a system of___________________?


aCapital and laborers

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bCompetition

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c Market and prices

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dAll

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View Answer Market and prices

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