A cooperative farm or other collectively organized unit ?

Related Mcqs:

1. A ratio that shows the unit of capital required to produce a unit of output over a given period of time?

   A. Capital input ratio
   B. Capital output ratio
   C. Capital intensive ratio
   D. None

2. The price paid for the use of services of labour per unit of time is called__________________?

   A. Salary
   B. Income
   C. Wage
   D. All

3. A measure of average output or real output per unit of input is called____________________?

   A. Efficiency
   B. Production
   C. Productivity
   D. None

4. A film on economics in which economists study and observe the details of an economic unit or a very small judgment of economy is__________________?

   A. Macroeconomic
   B. Micro economic
   C. Positive economic
   D. Normative economic

5. 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

6. Total consumption deducted from total income is called__________________?

   A. Net income
   B. Gross income
   C. Saving
   D. None of these

7. The private ownership of resources and use of a system of market and prices to coordinate and direct economic activity________________?

   A. Pure capitalism
   B. Iaissez faire capital
   C. Both
   D. None

8. Cooperation among unification of the economies of different nations is termed as_____________________?

   A. Economic Bloc
   B. Economic integration
   C. Economic union
   D. none

9. 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

10. Index measuring deprivation in basic human development in a country ?

    A. Human deprivation index
    B. Human poverty index
    C. Human development index
    D. None