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.Management Sciences
Category: Agricultural economics
An accounting item which decreases the value of an asset___________________?
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A. Debit
B. Credit
C. Depreciation
D. None
Amount of other products which must be foregone or sacrificed to obtain 1 unit of a specific good is called its______________?
A. Opportunity cost
B. Real cost
C. Economic cost
D. None
An organization of producers agreeing to limit the output of their product in an effort to raise prices and profit ?
A. Cartel
B. Capital account
C. Buffer stock
D. Capital account
An organization which employs resources to produce a good or service for profit and own and operates one or more plants is called_______________?
A. Company
B. Factory
C. Firm
D. None
Employment available resources so that the maximum amount of goods and services is produced?
A. Large scale production
B. Full production
C. Fringe benefits
D. None
Productive investments embodied in human persons?
A. Fixed capital
B. Human capital
C. Both A and B
D. non of these
An involuntary payment of money to govt. by a household or firm for which the household or firm receives no good or services directly in return ?
A. Tariff
B. Tax
C. Tacit collusion
D. Subsidy
The process of improving the quality of all human lives including sustenance, self esteem and freedom________________?
A. Growth
B. Economic growth
C. Development
D. All
A term used by ILO to describe the basic goods and services necessary for a minimum standard of living ?
A. Basic needs
B. Poverty line
C. Gini co-efficient
D. None
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