What does PARC stand for?

Related Mcqs:

1. 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

2. A market situation in which a product that does not have close substitutes is being produced and sold by a single seller?

   A. Oligopoly
   B. Monopoly
   C. Perfect competition
   D. None

3. Changes in govt. spending and tax collection designed to achieve a full employment and non-inflationary domestic out put is called___________________?

   A. Fiscal policy
   B. Economic planning
   C. Economizing problem
   D. None

4. Total consumption deducted from total income is called__________________?

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

5. 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

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

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

7. 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

8. Productive investments embodied in human persons?

   A. Fixed capital
   B. Human capital
   C. Both A and B
   D. non of these

9. Excess of total revenue over total costs_______________?

   A. Producer surplus
   B. Scarcity rent
   C. Both
   D. None

10. An agreement among sellers of a commodity to set a common price or share their commodity market?

    A. Oligopoly
    B. Monopoly
    C. collusion
    D. All