A. Public sector
B. Ptivate sector
C. Govt sector
D. None
Related Mcqs:
- 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 market in which products are sold by firms and bought by households is_________________?
A. Resource market
B. Product market
C. Consumer market
D. None - An industry in which expansion through the entry of firms decreases the prices, firms in the industry must pay for resources and there fore decreases their production costs ?
A. Declining industry
B. Decreasing cost industry
C. Both
D. None - The part of economy which contains all govt. entities is called__________________?
A. Public sector
B. Private sector
C. Public utility
D. None - 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 - A schedule showing the amounts households plan to spend for consumer goods at different levels of disposable income is called________________?
A. Income schedule
B. Saving schedule
C. Consumption schedule
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 price paid for the use of services of labour per unit of time is called__________________?
A. Salary
B. Income
C. Wage
D. All - Total consumption deducted from total income is called__________________?
A. Net income
B. Gross income
C. Saving
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
