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.Management Sciences
Category: Agricultural economics
Increases in the price level resulting from an excess of demand over output at the existing price level, caused by an increase in aggregate demand ?
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A. Demand pull inflation
B. Stagflation
C. Both
D. None
The export of goods (or goods and services) of a nation less its imports of goods (or goods and services)__________________?
A. Trade Balance
B. Trade deficit
C. Trade surplus
D. None
Total amount of income necessary to raise everyone who is below the poverty line up to that line ?
A. Subsistence income
B. Poverty gap
C. Absolutely poverty
D. None
The rate of exchange of one nation’s currency for another nation’s currency?
A. Exchange rate appreciation
B. Exchange rate depreciation
C. Exchange rate determinant
D. None of these
A tax levied on the cost of a board group of products______________________?
A. Income tax
B. Sales tax
C. Consumer charge
D. None
The monitory income a firm sacrifices when it uses a resource it rosins rather than supplying the resource in the market ?
A. Implicit cost
B. Explicit cost
C. Economic cost
D. Nominal cost
The part of the urban economy of LDC’s characterized by small competitive individual or family firms, labour intensive methods, free entry and market determined factor and product prices?
A. Formal sector
B. Informal sector
C. Formal finance
D. Informal finance
A benefit or cost from production or consumption accruing without compensation to non buyers and non/sellers of the product is called_________________?
A. Speculation
B. Specialization
C. Spill over
D. anti dumping
The demand schedule or the demand curve of all buyers of a good or service is called____________________?
A. Market demand
B. Total demand
C. Both
D. None
Reproduction in the average total cost of producing a products as the firm expands the size of plants (its output) in the long run________________?
A. Economics of scale
B. Economics of mass production
C. Both of these
D. None of these
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