A. Labour laws
B. Labour saving scheme
C. Profit sharing plan
D. Profit maximizing plan
Agriculture Mcqs
A minimum price which govt. allows seller to receive for a good or service………………..?
A. Ceiling Price
B. Floor Price
C. Supprot Price
D. All
A market in which products are sold by firms and bought by households is……………..?
A. Resource market
B. Product market
C. Consumer market
D. None
An institution or mechanism which brings together buyers and sellers is called………………..?
A. Market
B. Resource Market
C. Product Market
D. None
The value of a product sold by a firm less the value of the products purchased and used by the firm to produce the product………………..?
A. Value added
B. Value of money
C. Vertical range
D. None
The percentage of labour force unemployment at any time………………?
A. Unemployment rate
B. Inflation rate
C. Deflation rate
D. None
A payment of money or goods & services by a govt. to a household or firm for which the payer receives no good or service directly in return…………..?
A. Tax
B. Tariff
C. Transfer payment
D. Subsidy
The export of goods (or goods and services) of a nation less its imports of goods (or goods and services)………………?
A. Trade Balance
B. Trade deficit
C. Trade surplus
D. None
An involuntary payment of money to govt. by a household or firm for which the household or firm receives no good or services directly in return ?
A. Tariff
B. Tax
C. Tacit collusion
D. Subsidy
An economic system in which property resources are privately owned and markets and prices are used to direct and coordinate economic activities…………….?
A. Pure capitalism
B. Command Economy
C. Closed economy
D. Open economy