A good and service is indivisible and to which the exclusion principle does apply is called_________________?
A. Public service B. Public good C. Public finance D. Public debt
Agriculture MCQs
An essentially risk free, long term interest rate which is free of the influence of market imperfections?
A. Pure rate of interest B. Economic rate of interest C. Nominal rate of interest D. None
An interest bearing deposit which normally can be withdrawn by the depositor at any time ?
A. Saving deposit B. Fixed deposit C. Capital deposit D. None
The use of the resources of an individual or firm, a region, or a nation to produce one or a few goods and services ?
A. Specialization B. speculation C. Fly over D. Capital flight
An ownership share in a corporation___________________?
A. Stock B. Corporation C. Both D. None
A payment of funds by a govt. firm or house hold for which it receives no goods or services in return?
A. Subsidy B. Tax C. lump-sum-tax D. None
Total number of monetary units received by a firm from the sale of a product is called___________________?
A. Total revenue B. Nominal profit C. Both D. None
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
Increase in the price level at a rate greater than expected ?
A. Dearness B. Deflation C. Stagflation D. Unanticipated
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