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Agricultural economics

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

August 30, 2021March 27, 2019 by admin
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

Categories Agricultural economics

A physical establishment which performs one or more functions in production, fabrication and distribution of goods and services ?

August 30, 2021March 27, 2019 by admin
A physical establishment which performs one or more functions in production, fabrication and distribution of goods and services ?

A. Plant
B. Firm
C. Factory
D. None

Categories Agricultural economics

Legally established maximum price of a good or service__________________?

August 30, 2021March 27, 2019 by admin
Legally established maximum price of a good or service__________________?

A. Ceiling price
B. Floor price
C. Max price
D. None

Categories Agricultural economics

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

August 30, 2021March 27, 2019 by admin
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

Categories 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_______________?

August 30, 2021March 27, 2019 by admin
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

Categories Agricultural economics

The monetary payment a firm must make to an outsider to obtain a resource____________________?

August 30, 2021March 27, 2019 by admin
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

Categories Agricultural economics

To charge different prices for the goods of the same standard is called___________________?

August 30, 2021March 27, 2019 by admin
To charge different prices for the goods of the same standard is called___________________?

A. Prices discrimination
B. Prices differentiation
C. Oligopoly
D. Prices elasticity

Categories Agricultural economics

The total revenue of a film less all its economic costs is called_____________________?

August 30, 2021March 27, 2019 by admin
The total revenue of a film less all its economic costs is called_____________________?

A. Economy Profit
B. Pure Profit
C. Above normal Profit
D. All these

Categories Agricultural economics

An economic system in which property resources are publicly owned and govt uses central economic planning to direct & coordinate economic activities ?

August 30, 2021March 27, 2019 by admin
An economic system in which property resources are publicly owned and govt uses central economic planning to direct & coordinate economic activities ?

A. Command economy
B. Closed economy
C. Open economy
D. None

Categories Agricultural economics

Total consumption deducted from total income is called__________________?

August 30, 2021March 27, 2019 by admin
Total consumption deducted from total income is called__________________?

A. Net income
B. Gross income
C. Saving
D. None of these

Categories Agricultural economics
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