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.Management Sciences
Category: Agricultural economics
A market situation in which a product that does not have close substitutes is being produced and sold by a single seller?
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A. Oligopoly
B. Monopoly
C. Perfect competition
D. None
Situation in which govt. intervention in an economy worsens outcomes__________________?
A. Govt. failure
B. Market perfection
C. Govt. inefficiency
D. None
The amount by which a nation’s import of goods (or goods and services) exceeds its export of goods or goods and services is________________?
A. Trade surplus
B. Trade deficit
C. Trade bloc
D. None
Any financial institution that serves to channel loan able funds savers to borrowers?
A. Financial intermediary
B. IMF
C. Both
D. None
Loans not passed through formal banking system e.g. family loans?
A. Formal finance
B. Informal finance
C. Med term loans
D. Long term loans
People both rural and urban who are working less than they could___________________?
A. Under employment
B. Open employment
C. Partial employment
D. None
The emigration of highly skilled and educated professionals and technical man power from developing to developed countries?
A. Capital flight
B. Immigration
C. Brain Drain
D. All
Activities of central bank designed to influence financial variables such as money supply and interest rates?
A. Fiscal policy
B. Economic policy
C. Monitory policy
D. None
The ability of Market forces to synchronize selling and buying decision to eliminate potential surpluses and shortages is known as_________________?
A. Generalization
B. Specification
C. Rationing function of the price
D. None
The sale of products below sale of production in a foreign country or below the prices charged at home is called ?
A. Dumping
B. Subsidy
C. Inflation
D. Monopoly
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