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.Management Sciences
Category: Agricultural economics
The increasing integration of national economies into expanding international market ?
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A. Randomization
B. Globalization
C. Economic integration
D. None
The determination by the state, of what shall be produced and how factors of production shall be allocated among different uses ?
A. Circular flow model
B. Cognitive planning
C. Centralized planning
D. None
Group of LDC debtors who join together to bargain as a group with creditors?
A. Debtor’s cartel
B. Economic union
C. Debtor’s commune
D. None
Advantage that occurs to individual or society as a whole as a result of increase in the consumption of certain types of goods or services by other individuals ?
A. Consumption economics
B. Consumption function
C. Consumption surplus
D. Consumer demand
A good and service is indivisible and to which the exclusion principle does apply is called_________________?
A. Public service
B. Public good
C. Public finance
D. Public debt
An increase either in real output (GDP) or in real output per capita is called___________________?
A. Economic development
B. Economic growth
C. Growth rate
D. Economic efficiency
Opportunity cost is illustrated by the___________________?
A. Steep slope
B. Downward slope
C. Positive slope
D. None
A legally determined price above the equilibrium price is__________________?
A. Floor price
B. Ceiling price
C. Equilibrium price
D. None
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