A. idea
B. demand
C. product
D. service
Related Mcqs:
- A ________ is any activity or benefit offered for sale that is essentially intangible and does not result in the ownership of anything?
A. demand
B. basic staple
C. product
D. service - Which of the following market would most closely satisfy the requirements for a competitive market ?
A. electricity
B. cable television
C. cola
D. milk
E. All of these answers represent competitive markets - Goods that satisfy human wants though their direct use or consumption are called______________?
A. cash goods
B. consumer items
C. consumer goods
D. cash items - A linear consumption function with a positive slope less than one means that if income increases consumption will ?
A. fall
B. not change
C. fluctuate
D. increase - If the Keynesian consumption function is C = 10 + 0.8 Td when disposable income is Rs1000 total consumption is what ?
A. 0.8
B. 800
C. 810
D. 0.81 - If the consumption of good by one person does not reduce the quantity available by others and nobody can be easily excluded from consumption, we are referring to a ?
A. Private good
B. merit good
C. public good
D. abundant good - What is called the acquisition abroad of physical assets with operating control that resides in parent corporation ?
A. Fixed Direct Investment
B. Foreign Direct Investment (FDI)
C. Foreign Investment
D. Remote Foreign Investment - What are called goods that satisfy human wants through their direct use ?
A. cash goods
B. consumer items
C. consumer goods
D. cash items - The sole legal right to print or publish anything which belongs to the author or his assignees is called ?
A. Property right
B. Sole right
C. Copyright
D. Right - If all firms in a market have identical cost structures and if inputs used in the production of the good in that market are readily available, then the long-run market supply curve for that good should be ?
A. downward sloping
B. perfectly inelastic
C. upward sloping
D. perfectly elastic
