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.Management Sciences
Category: Agricultural economics
A payment of money or goods & services by a govt. to a household or firm for which the payer receives no good or service directly in return______________?
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A. Tax
B. Tariff
C. Transfer payment
D. Subsidy
Production possibility curve is always concave because ?
A. The curve gets steeper as we move downward
B. The marginal benefit decreases as more of a good is consumed
C. In reflects the law of increasing opportunity cost
D. Resources are scarce
Problems that occur to the individuals or society as a whole as a result of the unpopular consumption habits. Of another individual e.g drug addiction ?
A. Ammunity
B. Commune
C. Consumption diseconomies
D. None of these
A course of action indented to correct or avoid a problem_________________?
A. Economic principle
B. Economic policy
C. Economic phenomena
D. Economic rationale
The total revenue of a film less all its economic costs is called_____________________?
A. Economy Profit
B. Pure Profit
C. Above normal Profit
D. All these
The use of the resources of an individual or firm, a region, or a nation to produce one or a few goods and services ?
A. Specialization
B. speculation
C. Fly over
D. Capital flight
A tax imposed by a nation on an imported good is called_________________?
A. Tariff
B. Foreign exchange
C. Net profit
D. GNP
An economic plan that sets targets to cover all the major sectors of the national economy?
A. Centralized plan
B. Comprehensive plan
C. Commune
D. None
A barrier to the attainment of a set target in a particular period of time?
A. Economic inefficient
B. Economic integration
C. Economic constraint
D. None
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