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

Related Mcqs:

A measure of average output or real output per unit of input is called____________________?

A. Efficiency B. Production C. Productivity D. None...

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

A. Opportunity cost B. Real cost C. Economic cost D. None...

An asset set aside for future use is termed as_______________________?

A. Future planning B. Store of value C. Speculation D. None...

Urban population in LDC’s_________________?

A. 464 % B. 50 % C. 36 % D. 20 %...

A barrier to the attainment of a set target in a particular period of time?

A. Economic inefficient B. Economic integration C. Economic constraint D. None...