20 questions in Production & Consumptions - HI MCQ!

Pricing Policy of Minimum support price follows which approach?

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_____ refers to money that has already been spent and which cannot be recovered?

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A market structure which is dominated by only a small number of firms is called?

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When the output is equal to zero, the variable cost is ______?

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A marketplace in which a final goods or service is bought and sold is called ___?

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A higher _____ index represents inequality in income distribution?

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Which of the following is NOT a central economic problem, solved by the Production Possibility Curve?

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Which of the following is not included in the factors of production?

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What is the value of all tangible resources such as raw materials and labour that are used in the production process called?

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An economic condition when there is one buyer and many sellers is called _____?

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