Agriculture MCQs — Test 4
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Question 1
All goods and services produced in a country in one year are called its__________________?
Question 2
Using part of income/saving for more income is called_________________?
Question 3
Total consumption deducted from total income is called__________________?
Question 4
An economic system in which property resources are publicly owned and govt uses central economic planning to direct & coordinate economic activities ?
Question 5
The total revenue of a film less all its economic costs is called_____________________?
Question 6
To charge different prices for the goods of the same standard is called___________________?
Question 7
The monetary payment a firm must make to an outsider to obtain a resource____________________?
Question 8
An organization which employs resources to produce a good or service for profit and own and operates one or more plants is called_______________?
Question 9
A market in which money of one nation can be used to purchase the money of other nation is called____________________?
Question 10
Legally established maximum price of a good or service__________________?