A group of firms which produces identical or similar products__________________?
A. Plant B. Industry C. Company D. Organization
Agriculture MCQs
A type of unemployment used by workers voluntarily changing jobs and by temporary layoffs; unemployment workers between jobs?
A. Underemployment B. Frictional employment C. Temporary unemployment D. None of these
Any resource whose quantity can not be changed by a firm in the short run_______________?
A. Fixed resource B. Variable resource C. Available resource D. Economic resource
The monitory income a firm sacrifices when it uses a resource it rosins rather than supplying the resource in the market ?
A. Implicit cost B. Explicit cost C. Economic cost D. Nominal cost
The rate of exchange of one nation’s currency for another nation’s currency?
A. Exchange rate appreciation B. Exchange rate depreciation C. Exchange rate determinant D. None of these
Recurring increase and decrease in the level of economic activity over periods of years?
A. Business cycle B. Cyclic flow C. Both D. None
Excess of total revenue over total costs_______________?
A. Producer surplus B. Scarcity rent C. Both D. None
The role of power in economic decision making is studied in________________?
A. Development economics B. Traditional economics C. Political economics D. None of these
Noble prize of Economics in 1979 was awarded to________________?
A. W. Arthur Lewis B. Theodore Schultz C. Both a and b D. None
The core value of development is________________?
A. Sustenance B. Self esteem C. Freedom D. All