An accounting item which decreases the value of an asset___________________?
A. Debit
B. Credit
C. Depreciation
D. None
Obtaining the socially optimal amounts of goods and services using minimum necessary resources ?
Obtaining the socially optimal amounts of goods and services using minimum necessary resources ?
A. Economic efficiency
B. Productive efficiency
C. Allocative efficiency
D. All
A course of action indented to correct or avoid a problem_________________?
A course of action indented to correct or avoid a problem_________________?
A. Economic principle
B. Economic policy
C. Economic phenomena
D. Economic rationale
An industry in which economics profits are negative and which will, therefore, decrease its output as firms leave it ?
An industry in which economics profits are negative and which will, therefore, decrease its output as firms leave it ?
A. Increasing cost industry
B. Decreasing cost industry
C. Declining industry
D. None of these
Building of new factories in particular nation by corporations of other nations ?
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
Increase in the price level at a rate greater than expected ?
Increase in the price level at a rate greater than expected ?
A. Dearness
B. Deflation
C. Stagflation
D. Unanticipated
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 ?
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
Total number of monetary units received by a firm from the sale of a product is called___________________?
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
A payment of funds by a govt. firm or house hold for which it receives no goods or services in return?
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
An ownership share in a corporation___________________?
An ownership in a corporation___________________?
A. Stock
B. Corporation
C. Both
D. None