A. Value added
B. Value of money
C. Vertical range
D. None
Related Mcqs:
- Tax levied on production of specific product on quantity of product purchased ?
A. Sales tax
B. Excise tax
C. Income tax
D. All - An involuntary payment of money to govt. by a household or firm for which the household or firm receives no good or services directly in return ?
A. Tariff
B. Tax
C. Tacit collusion
D. Subsidy - The use of the resources of an individual or firm, a region, or a nation to produce one or a few goods and services ?
A. Specialization
B. speculation
C. Fly over
D. Capital flight - Technologies that by design produce less waste and use resources more efficiently ?
A. Clean technologies
B. Efficient technology
C. Productive technology
D. Innovative technology - 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 - 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 - Total number of monetary units received by a firm from the sale of a product is called___________________?
A. Total revenue
B. Nominal profit
C. Both
D. None - A market situation in which a product that does not have close substitutes is being produced and sold by a single seller?
A. Oligopoly
B. Monopoly
C. Perfect competition
D. None - A debit which monitory value, an amount awed by a firm or an individual___________________?
A. Lockout
B. Logrolling
C. Liability
D. None - A line which shows different combinations of two products a consumer can purchase with a specific money income, given the products price?
A. Indifference curve
B. Lorenz curve
C. Budget line
D. Say’s law
