The sacrifice involved when you choose a particular course of action is called the ?

Related Mcqs:

1. The sacrifice involved when you choose a particular course of action is called the?

   A. Alternative
   B. Opportunity cost
   C. Consumer cost
   D. Producer cost

2. If the sacrifice ratio is five, a reduction in inflation from 7 percent to 3 percent would require ?

   A. a reduction in output of 20 percent
   B. a reduction in output of 5percent
   C. a reduction in output of 15 percent
   D. a reduction in output of 35 percent

3. A set of interdependent organizations involved in the process of making a product or service available for use or consumption by the consumer or business user is called a(n) ?

   A. retailer
   B. wholesaler
   C. distribution channel
   D. logistics

4. The mark is imposed on goods or wrappers to show that the articles bearing this mark belong to a particular trader. What is this mark called ?

   A. Insignia
   B. Patent mark
   C. Trade Mark
   D. Identification mark

5. Percentage of total industry sales that a particular company controls is called ?

   A. Lion’s share
   B. Market share
   C. Net share
   D. Holding share

6. Refer to Exhibit 4. Suppose that the consumer must choose between buying socks and belts Also suppose that the consumer’s income is €100 If the price of a belt is €10 and the price of a pair of socks is €5, the consumer will choose to buy the commodity bundle represented b point ?

   A. Z
   B. X
   C. Y
   D. the optimal point cannot be determined from this graph

7. Which of the following is not involved with fiscal policy ?

   A. Income tax
   B. National insurance
   C. VAT
   D. Interest insurance

8. Suppose Imtiaz moves his Rs1,000 demand deposit from Bank A to Bank B. If both banks operate with a reserve ratio of 10 percent What is the potential change in money supply as a result of Gerard’s action ?

   A. Rs 10,00
   B. Rs 1,000
   C. Rs 9,000
   D. Rs 0

9. Suppose the State Bank purchases a Rs 1,000 government bond from you. If you deposit the entire Rs 1,000 in you bank what is the total potential change in the money supply as a result of the State Bank’s action if the your bank’s reserve ratio is 20 percent ?

   A. Rs 4,000
   B. Rs 5,000
   C. Rs 1,000
   D. Rs 0

10. If the Uk placed a limit on the amount of steel that could be imported into the UK in a particular period this would be an example of ?

    A. a quota
    B. dumping
    C. a tariff
    D. an export subsidy