A. Capital and laborers
B. Competition
C. Market and prices
D. All
Related Mcqs:
- A particular set of institutional arrangement and a coordinating mechanism is___________________?
A. Economic system
B. Fascism
C. Mixed system
D. None - An institution or mechanism which brings together buyers and sellers is called____________________?
A. Market
B. Resource Market
C. Product Market
D. None - Monopoly and oligopoly are the examples of___________________?
A. Perfect competition
B. Imperfect competition
C. Pure competition
D. None - The transfer of savings from developing countries to industrially advanced countries to avoid govt. expropriation, taxation and high rates of inflation is_________________?
A. capital flight
B. capital account
C. capital deficit
D. All of these - A payment of money or goods & services by a govt. to a household or firm for which the payer receives no good or service directly in return______________?
A. Tax
B. Tariff
C. Transfer payment
D. Subsidy - A schedule showing the amounts households plan to spend for consumer goods at different levels of disposable income is called________________?
A. Income schedule
B. Saving schedule
C. Consumption schedule
D. None - Selling public assets to individuals or private business interests ?
A. Publication
B. Downsizing
C. Privatization
D. All - A cooperative farm or other collectively organized unit ?
A. Corporation
B. Commune
C. Society
D. All - 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 - Number of peoples and their level of skills is called as________________?
A. Human resources
B. Physical resources
C. Capital resources
D. None
