The extreme case of physical resource endowment is ________________?

Related Mcqs:

1. The monitory income a firm sacrifices when it uses a resource it rosins rather than supplying the resource in the market ?

   A. Implicit cost
   B. Explicit cost
   C. Economic cost
   D. Nominal cost

2. Any resource whose quantity can not be changed by a firm in the short run_______________?

   A. Fixed resource
   B. Variable resource
   C. Available resource
   D. Economic resource

3. A physical establishment which performs one or more functions in production, fabrication and distribution of goods and services ?

   A. Plant
   B. Firm
   C. Factory
   D. None

4. In developed countries manufactured goods are about ________________% of total export?

   A. 60 %
   B. 90 %
   C. 57 %
   D. 82 %

5. Total money income received by the individual or recipients of income is called____________________?

   A. Gross income
   B. Net income
   C. Personal income
   D. None of above

6. A market in which money of one nation can be used to purchase the money of other nation is called____________________?

   A. Money market
   B. International market
   C. Foreign exchange market
   D. All of these

7. Productive efficiency means___________________?

   A. Producing all output combinations in the least costly way
   B. Producing the specific output mix most desired by society
   C. Producing the desired ones only
   D. None

8. A legal entry chartered by a state or the federal govt. which is district and separate from the individuals who own it ?

   A. Co-operative
   B. Partnership
   C. Corporation
   D. None

9. Stocks of commodities held by the countries or international organizations to moderate the commodities price fluctuations ?

   A. Black market
   B. Buffer stocks
   C. Capital stocks
   D. Speculation

10. The intersection of the supply curve and demand curve indicates ?

    A. Market equilibrium
    B. Market demand
    C. Market condition
    D. None