A measure of average output or real output per unit of input is called____________________?

Related Mcqs:

1. 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...

2. 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...

3. 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...

4. A measure of the real purchasing power of the community ?

   A. Aggregate demand B. Total effective demand C. Total expenditure D. All...

5. 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...

6. 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...

7. 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...

8. 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...

9. An institution or mechanism which brings together buyers and sellers is called____________________?

   A. Market B. Resource Market C. Product Market D. None...

10. 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...