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March 2019

The value of a product sold by a firm less the value of the products purchased and used by the firm to produce the product____________________?

Agricultural economics /
The value of a product sold by a firm less the value of the products purchased and used by the firm to produce the product____________________?

A. Value added
B. Value of money
C. Vertical range
D. None

The value of a product sold by a firm less the value of the products purchased and used by the firm to produce the product____________________? Read More »

Agricultural economics

A payment of money or goods & services by a govt. to a household or firm for which the payer receives no good or service directly in return______________?

Agricultural economics /
A payment of money or goods & services by a govt. to a household or firm for which the payer receives no good or service directly in return______________?

A. Tax
B. Tariff
C. Transfer payment
D. Subsidy

A payment of money or goods & services by a govt. to a household or firm for which the payer receives no good or service directly in return______________? Read More »

Agricultural economics

An involuntary payment of money to govt. by a household or firm for which the household or firm receives no good or services directly in return ?

Agricultural economics /
An involuntary payment of money to govt. by a household or firm for which the household or firm receives no good or services directly in return ?

A. Tariff
B. Tax
C. Tacit collusion
D. Subsidy

An involuntary payment of money to govt. by a household or firm for which the household or firm receives no good or services directly in return ? Read More »

Agricultural economics

An economic system in which property resources are privately owned and markets and prices are used to direct and coordinate economic activities________________?

Agricultural economics /
An economic system in which property resources are privately owned and markets and prices are used to direct and coordinate economic activities________________?

A. Pure capitalism
B. Command Economy
C. Closed economy
D. Open economy

An economic system in which property resources are privately owned and markets and prices are used to direct and coordinate economic activities________________? Read More »

Agricultural economics

A market in which money of one nation can be used to purchase the money of other nation is called____________________?

Agricultural economics /
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

A market in which money of one nation can be used to purchase the money of other nation is called____________________? Read More »

Agricultural economics

An organization which employs resources to produce a good or service for profit and own and operates one or more plants is called_______________?

Agricultural economics /
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

An organization which employs resources to produce a good or service for profit and own and operates one or more plants is called_______________? Read More »

Agricultural economics