Amount of other products which must be foregone or sacrificed to obtain 1 unit of a specific good is called its______________?

Related Mcqs:

An analytic approach in which we move from general to particular from theory to facts is_________________?

A. Induction B. Deduction C. Specification D. None...

Opportunity cost is illustrated by the___________________?

A. Steep slope B. Downward slope C. Positive slope D. None...

Failure to achieve full production is called ?

A. Unemployment B. Under employment C. Unplanned D. None...

A measure of the real purchasing power of the community ?

A. Aggregate demand B. Total effective demand C. Total expenditure D. All...

Other thing remain the same as price rises, the corresponding quantity supplied rises, as price falls the quantity supplied falls is___________________?

A. Say’s law B. Keynes theory of supply C. Law of supply D. None...