A. Plant
B. Firm
C. Factory
D. None
Agriculture Mcqs
Legally established maximum price of a good or service………………?
A. Ceiling price
B. Floor price
C. Max price
D. None
A market in which money of one nation can be used to purchase the money of other nation is called………………..?
A. Money market
B. International market
C. Foreign exchange market
D. All of these
An organization which employs resources to produce a good or service for profit and own and operates one or more plants is called……………?
A. Company
B. Factory
C. Firm
D. None
The monetary payment a firm must make to an outsider to obtain a resource………………..?
A. Implicit cost
B. Explicit cost
C. Net cost
D. Total cost
To charge different prices for the goods of the same standard is called……………….?
A. Prices discrimination
B. Prices differentiation
C. Oligopoly
D. Prices elasticity
The total revenue of a film less all its economic costs is called…………………?
A. Economy Profit
B. Pure Profit
C. Above normal Profit
D. All these
An economic system in which property resources are publicly owned and govt uses central economic planning to direct & coordinate economic activities ?
A. Command economy
B. Closed economy
C. Open economy
D. None
Total consumption deducted from total income is called………………?
A. Net income
B. Gross income
C. Saving
D. None of these
Using part of income/saving for more income is called……………..?
A. Investment
B. Busyness
C. Consumption
D. Entrepreneurship