An organization of producers agreeing to limit the output of their product in an effort to raise prices and profit ?

Related Mcqs:

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...

Productive efficiency means___________________?

A. Producing all output combinations in the least costly way B. Producing the specific output mix most desired by society C. Producing the desired ones only D. None...

A bank which lends to developing nations to help them increase their capital stock and this achieve economic growth ?

A. IMF B. Islamic Bank C. Commercial bank D. None...

From of central bank that issues domestic currency for foreign exchange at fixed rates ?

A. Stock exchange B. Currency board C. State Bank D. Commercial Bank...

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...