A. Unemployment
B. Under employment
C. Unplanned
D. None
Related Mcqs:
- 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 - A process of production that uses a higher proportion of capital as compared to other factors of production ?
A. Capital intensive technique
B. Labour intensive technique
C. Both a and b
D. None of these - The sacrifice of some or all one economic goal, good, or services to achieve some other goal, good or service is called__________________?
A. Trade block
B. Trade union
C. Trade offs
D. All - A bank which lends to developing nations to help them increase their capital stock and this achieve economic growth ?
A. IMF
B. Islamic Bank
C. Commercial bank
D. None - Failure to use all available economic resources to produce goods and services is called__________________?
A. Unemployment
B. Underemployment
C. Inflation
D. Deflation - The sale of products below sale of production in a foreign country or below the prices charged at home is called ?
A. Dumping
B. Subsidy
C. Inflation
D. Monopoly - A physical establishment which performs one or more functions in production, fabrication and distribution of goods and services ?
A. Plant
B. Firm
C. Factory
D. None - All points on the production possibility curve explain__________________?
A. Allocative efficiency
B. Productive efficiency
C. Less than full use of resources
D. Unattainable levels of output - A technological innovation that increase the production while using the same capital input?
A. Capital saving technological process
B. Production intensive technique
C. Capital intensive technique
D. None - The principle that if one factor of production is fixed and constant addition of other factors are combined with it, the marginal productivity of variable factors will eventually decline ?
A. Marginal returns
B. Diminishing returns
C. Both
D. None
