A legally determined price above the equilibrium price is__________________?

Related Mcqs:

1. Legally established maximum price of a good or service__________________?

   A. Ceiling price
   B. Floor price
   C. Max price
   D. None

2. Increases in the price level resulting from an excess of demand over output at the existing price level, caused by an increase in aggregate demand ?

   A. Demand pull inflation
   B. Stagflation
   C. Both
   D. None

3. Other thing remain the same as price rises, the corresponding quantity supplied rises, as price falls the quantity supplied falls is___________________?

   A. Say’s law
   B. Keynes theory of supply
   C. Law of supply
   D. None

4. 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

5. The annual amount that a borrower must pay a lender over an above the total borrowed ?

   A. Interest
   B. Loan
   C. Interest rated
   D. None

6. The branch of economics which analyze govt. revenues and expenditures is__________________?

   A. Public revenue
   B. Public finance
   C. Public good
   D. None

7. A market in which products households sell and firms buy resources or the services of resources is__________________?

   A. Resource market
   B. Product market
   C. Consumer market
   D. Producer market

8. A film on economics in which economists study and observe the details of an economic unit or a very small judgment of economy is__________________?

   A. Macroeconomic
   B. Micro economic
   C. Positive economic
   D. Normative economic

9. Allocative efficiency is__________________?

   A. Producing all output combinations in least costly way
   B. Producing the specific output mix most desired by society
   C. Producing the desired things
   D. None

10. In less developed nations economic dependency burden is__________________?

    A. 65 % of the population
    B. 55 % of the population
    C. 35 % of the population
    D. 45 % of the population