What refers to the goods and services that are desired by human and will be acquired only after all the needs have been satisfied ?

Related Mcqs:

“When one of the factors of production is fixed in quantity or is difficult to increase, increasing the other factors of production will result in a less than proportionate increase in output”. This statement is known as the______________?

A. Law of diminishing return B. Law of supply C. Law of demand D. Law of supply and demand...

What rate of interest compounded annually is the same as the rate of interest of 8% compounded quarterly ?

A. 8.07 % B. 8.12 % C. 8.16 % D. 8.24 %...

A type of bond where the corporation pledges securities which it owns such as the stock or bonds of one of its subsidiaries ?

A. Mortgage bond B. Joint bond C. Security bond D. Collateral trust bond...

Which is true about partnership ?

A. It has a perpetual life B. It will be dissolved if one of the partners ceases to be connected with the partnership C. It can be handed down from one generation of partners to another D. Its capitalization must be equal for each partner...

Return on investment ratio is the ratio of the_____________?

A. Net income to owner’s equity B. Market price per share to earnings per share C. Cost of goods sold to average cost of inventory at hand D. Net credit sales to average net receivable...