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.Management Sciences
Category: Agricultural economics
Tax levied on production of specific product on quantity of product purchased ?
0
A. Sales tax
B. Excise tax
C. Income tax
D. All
A payment of funds by a govt. firm or house hold for which it receives no goods or services in return?
A. Subsidy
B. Tax
C. lump-sum-tax
D. None
Changes in govt. spending and tax collection designed to achieve a full employment and non-inflationary domestic out put is called___________________?
A. Fiscal policy
B. Economic planning
C. Economizing problem
D. None
The branch of economics which analyze govt. revenues and expenditures is__________________?
A. Public revenue
B. Public finance
C. Public good
D. None
The monetary payment a firm must make to an outsider to obtain a resource____________________?
A. Implicit cost
B. Explicit cost
C. Net cost
D. Total cost
Allocative efficiency is__________________?
A. Producing all output combinations in least costly way
B. Producing the specific output mix most desired by society
C. Producing the desired things
D. None
“All LDC’s require to take off into a period of self-sustaining economic growth is a massive investment program designed to promote rapid industrialization and the building up of economic infrastructure.” ?
A. Economic development theory
B. Big Push theory of development
C. Rostow’s development plan
D. Harod Domes model
The total number of people living below a specified minimum level of real income, an international poverty line, is called ?
A. Relative poor
B. Real poverty
C. Absolute poor
D. None
A household’s or firm’s income in the form of goods or services ?
A. Extra income
B. Income in kind
C. Fixed income
D. None
A rise in the general level of prices in an economy___________________?
A. Inflation
B. Dearnen
C. Both
D. None
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