The monetary payment a firm must make to an outsider to obtain a resource____________________?
A. Implicit cost
B. Explicit cost
C. Net cost
D. Total cost
A. Implicit cost
B. Explicit cost
C. Net cost
D. Total cost
A. Prices discrimination
B. Prices differentiation
C. Oligopoly
D. Prices elasticity
A. Economy Profit
B. Pure Profit
C. Above normal Profit
D. All these
The total revenue of a film less all its economic costs is called_____________________? Read More »
Agricultural economics A. Command economy
B. Closed economy
C. Open economy
D. None
A. Net income
B. Gross income
C. Saving
D. None of these
Total consumption deducted from total income is called__________________? Read More »
Agricultural economics A. Investment
B. Busyness
C. Consumption
D. Entrepreneurship
Using part of income/saving for more income is called_________________? Read More »
Agricultural economics A. GNP
B. GDP
C. NDP
D. None of these
A. Lewis
B. Rostow
C. Keynes
D. Adam Smith
“Wealth of nations” was written by_________________? Read More »
Agricultural economics A. Induction
B. Deduction
C. Specification
D. None
A. theoretical economics
B. Economics analysis
C. Both A. and B.
D. None of these
The process of deriving principles is called___________________? Read More »
Agricultural economics