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
Related Mcqs:
- Productive efficiency means___________________?
A. Producing all output combinations in the least costly way
B. Producing the specific output mix most desired by society
C. Producing the desired ones only
D. None - A legally determined price above the equilibrium price is__________________?
A. Floor price
B. Ceiling price
C. Equilibrium price
D. None - The branch of economics which analyze govt. revenues and expenditures is__________________?
A. Public revenue
B. Public finance
C. Public good
D. None - 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 - 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 - 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 - Determinant of supply is__________________?
A. Resource price
B. Techniques of production
C. Taxes a subsidies
D. All - The total revenue of a film less all its economic costs is called_____________________?
A. Economy Profit
B. Pure Profit
C. Above normal Profit
D. All these - __________________provides an overview of the operation of the capitalist system ?
A. Indifference curve
B. Income budget line
C. Circular flow model
D. Says law - An accounting item which increase the value of an asset___________________?
A. Debit
B. Credit
C. Loan
D. None
