Agriculture MCQs

Page No. 217

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


aDearness


bDeflation


cStagflation


dUnanticipated


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


bSay’ law


cLaw of diminishing marginal utility


dSay’ law



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


aTotal revenue


bNominal profit


cBoth


dnone of these


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


bTax


clump-sum-tax


d None


View Answer Subsidy

An ownership share in a corporation___________________?


aStock


bCorporation


c Both


dNone


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


bspeculation


cFly over


dCapital flight


View Answer Specialization

An interest bearing deposit which normally can be withdrawn by the depositor at any time ?


aSaving deposit


bFixed deposit


cCapital deposit


dNone


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


bEconomic rate of interest


c Nominal rate of interest


dNone


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


b Public good


cPublic finance


dPublic debt


View Answer Public good

The coordinating mechanism of capitalism is a system of___________________?


aCapital and laborers


bCompetition


c Market and prices


dAll


View Answer Market and prices

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