A. Efficiency
B. Production
C. Productivity
D. None
Related Mcqs:
- An increase either in real output (GDP) or in real output per capita is called___________________?
A. Economic development
B. Economic growth
C. Growth rate
D. Economic efficiency - Directing domestic resources to output which a nation is highly efficient at producing is called____________________?
A. International Trade
B. Speculation
C. International specialization
D. None - A ratio that shows the unit of capital required to produce a unit of output over a given period of time?
A. Capital input ratio
B. Capital output ratio
C. Capital intensive ratio
D. None - A measure of the real purchasing power of the community ?
A. Aggregate demand
B. Total effective demand
C. Total expenditure
D. All - Reproduction in the average total cost of producing a products as the firm expands the size of plants (its output) in the long run________________?
A. Economics of scale
B. Economics of mass production
C. Both of these
D. None of these - Total money income received by the individual or recipients of income is called____________________?
A. Gross income
B. Net income
C. Personal income
D. None of above - Power of a good/ service to satisfy human desire/want is called____________________?
A. Utility
B. Worth
C. The point of satiety
D. All of these - A market in which money of one nation can be used to purchase the money of other nation is called____________________?
A. Money market
B. International market
C. Foreign exchange market
D. All of these - An institution or mechanism which brings together buyers and sellers is called____________________?
A. Market
B. Resource Market
C. Product Market
D. None - The demand schedule or the demand curve of all buyers of a good or service is called____________________?
A. Market demand
B. Total demand
C. Both
D. None
