A. Income schedule
B. Saving schedule
C. Consumption schedule
D. None
Agriculture Mcqs
A federal budget deficit caused by a recession and a consequent decline in tax revenues ?
A. Annual deficit
B. Cyclical deficit
C. Anticipated deficit
D. None
A labour union which limits its membership to workers with a particular skill ?
A. Labour union
B. Craft union
C. Credit union
D. None
An accounting item which decreases the value of an asset……………….?
A. Debit
B. Credit
C. Depreciation
D. None
Obtaining the socially optimal amounts of goods and services using minimum necessary resources ?
A. Economic efficiency
B. Productive efficiency
C. Allocative efficiency
D. All
A course of action indented to correct or avoid a problem……………..?
A. Economic principle
B. Economic policy
C. Economic phenomena
D. Economic rationale
An industry in which economics profits are negative and which will, therefore, decrease its output as firms leave it ?
A. Increasing cost industry
B. Decreasing cost industry
C. Declining industry
D. None of these
Building of new factories in particular nation by corporations of other nations ?
A. Discrimination
B. Direct foreign investment
C. Profit maximization rule
D. Economies of scale
Increase in the price level at a rate greater than expected ?
A. Dearness
B. Deflation
C. Stagflation
D. 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 ?
A. Law of diminishing return
B. Say’ law
C. Law of diminishing marginal utility
D. Say’ law