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.Management Sciences
Category: Agricultural economics
All points on the production possibility curve explain__________________?
A. Allocative efficiency
B. Productive efficiency
C. Less than full use of resources
D. Unattainable levels of output
A particular set of institutional arrangement and a coordinating mechanism is___________________?
A. Economic system
B. Fascism
C. Mixed system
D. None
Change in quantity demanded is______________________?
A. Upward movement or shift of entire cure.
B. Shift of the demand curve to left side
C. Movement from one point to the other on the same demand curve
D. None
A country’s potential for economic growth is greatly influenced by its endowments of__________________?
A. Physical resources
B. Human resources
C. Both a and b
D. None of these
A type of unemployment caused by insufficient total spending___________________?
A. Under employment
B. Underdevelopment
C. Cyclical unemployment
D. None
A technological innovation that increase the production while using the same capital input?
A. Capital saving technological process
B. Production intensive technique
C. Capital intensive technique
D. None
Any resource whose quantity can not be changed by a firm in the short run_______________?
A. Fixed resource
B. Variable resource
C. Available resource
D. Economic resource
A cooperative farm or other collectively organized unit ?
A. Corporation
B. Commune
C. Society
D. All
Economic model describing growth of the economy on one or at most a few sectors and variables?
A. Formal growth model
B. Functional growth model
C. Aggregate growth model
D. None
Monopoly and oligopoly are the examples of___________________?
A. Perfect competition
B. Imperfect competition
C. Pure competition
D. None
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