A. Trade surplus
B. Trade deficit
C. Trade bloc
D. None
Agriculture Mcqs
The body of knowledge and techniques which can be used to produce goods and service from economic resources is…………….?
A. Technology
B. Advanced knowledge
C. Both
D. None
A tax imposed by a nation on an imported good is called……………..?
A. Tariff
B. Foreign exchange
C. Net profit
D. GNP
Nominal income adjusted for inflation………………?
A. Real income
B. Net income
C. Total income
D. None
The branch of economics which analyze govt. revenues and expenditures is………………?
A. Public revenue
B. Public finance
C. Public good
D. None
A legally determined price above the equilibrium price is………………?
A. Floor price
B. Ceiling price
C. Equilibrium price
D. None
The transfer of savings from developing countries to industrially advanced countries to avoid govt. expropriation, taxation and high rates of inflation is……………..?
A. capital flight
B. capital account
C. capital deficit
D. All of these
Changes in govt. spending and tax collection designed to achieve a full employment and non-inflationary domestic out put is called……………….?
A. Fiscal policy
B. Economic planning
C. Economizing problem
D. None
A condition when there is excessive produce in the market which lowers down the price is called………………?
A. Market glut
B. Perfect market
C. Imperfect market
D. All of these
Reproduction in the average total cost of producing a products as the firm expands the size of plants (its output) in the long run…………….?
A. Economics of scale
B. Economics of mass production
C. Both of these
D. None of these