A. Producer surplus
B. Scarcity rent
C. Both
D. None
Agriculture Mcqs
Recurring increase and decrease in the level of economic activity over periods of years?
A. Business cycle
B. Cyclic flow
C. Both
D. None
The rate of exchange of one nation’s currency for another nation’s currency?
A. Exchange rate appreciation
B. Exchange rate depreciation
C. Exchange rate determinant
D. None of these
The monitory income a firm sacrifices when it uses a resource it rosins rather than supplying the resource in the market ?
A. Implicit cost
B. Explicit cost
C. Economic cost
D. Nominal cost
Any resource whose quantity can not be changed by a firm in the short run……………?
A. Fixed resource
B. Variable resource
C. Available resource
D. Economic resource
A type of unemployment used by workers voluntarily changing jobs and by temporary layoffs; unemployment workers between jobs?
A. Underemployment
B. Frictional employment
C. Temporary unemployment
D. None of these
A group of firms which produces identical or similar products………………?
A. Plant
B. Industry
C. Company
D. Organization
A debit which monitory value, an amount awed by a firm or an individual……………….?
A. Lockout
B. Logrolling
C. Liability
D. None
A tax which is a constant amount at all levels of GDP is termwd as ?
A. Fixed tax
B. Surcharge
C. Lump sum tax
D. None
A firm which engages in in the busyness of banking……………..?
A. State bank
B. Commercial bank
C. World bank
D. None