A. Marginal returns
B. Diminishing returns
C. Both
D. None
Related Mcqs:
- A process of production that uses a higher proportion of capital as compared to other factors of production ?
A. Capital intensive technique
B. Labour intensive technique
C. Both a and b
D. None of these - The determination by the state, of what shall be produced and how factors of production shall be allocated among different uses ?
A. Circular flow model
B. Cognitive planning
C. Centralized planning
D. None - The gradual decline over time in the value or price of one currency in terms of another as a result of market forces of supply and demand ?
A. Depreciation
B. Downsizing
C. Rightsizing
D. All - A federal budget deficit caused by a recession and a consequent decline in tax revenues ?
A. Annual deficit
B. Cyclical deficit
C. Anticipated deficit
D. None - To obtain the greates utility consumer should allocate money income so that last dollar spent on each good or service yields the same marginal utility ?
A. Law of diminishing return
B. Say’ law
C. Law of diminishing marginal utility
D. Say’ law - A good and service is indivisible and to which the exclusion principle does apply is called_________________?
A. Public service
B. Public good
C. Public finance
D. Public debt - Gradual pay off a loan principle ?
A. Autarchy
B. Hierarchically
C. Amortization
D. AID - A tax which is a constant amount at all levels of GDP is termwd as ?
A. Fixed tax
B. Surcharge
C. Lump sum tax
D. None - The part of the urban economy of LDC’s characterized by small competitive individual or family firms, labour intensive methods, free entry and market determined factor and product prices?
A. Formal sector
B. Informal sector
C. Formal finance
D. Informal finance - Increasing a country’s stock of real capital (net investment in fixed essels)__________________?
A. Capital accumulation
B. Capital dumping
C. Capital stock
D. None
