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
Legally established maximum price of a good or service__________________?
Legally established maximum price of a good or service__________________?
A. Ceiling price
B. Floor price
C. Max price
D. None
A market in which money of one nation can be used to purchase the money of other nation is called____________________?
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
An organization which employs resources to produce a good or service for profit and own and operates one or more plants is called_______________?
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
The monetary payment a firm must make to an outsider to obtain a resource____________________?
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
To charge different prices for the goods of the same standard is called___________________?
To charge different prices for the goods of the same standard is called___________________?
A. Prices discrimination
B. Prices differentiation
C. Oligopoly
D. Prices elasticity
The total revenue of a film less all its economic costs is called_____________________?
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
An economic system in which property resources are publicly owned and govt uses central economic planning to direct & coordinate economic activities ?
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
Total consumption deducted from total income is called__________________?
Total consumption deducted from total income is called__________________?
A. Net income
B. Gross income
C. Saving
D. None of these
Using part of income/saving for more income is called_________________?
Using part of income/saving for more income is called_________________?
A. Investment
B. Busyness
C. Consumption
D. Entrepreneurship