Agriculture Mcqs – MCQs

2859 questions. Click to practice.

Correct options are highlighted when revealed.

1.Which branch of economics concentrates on objective analysis by excluding personal opinions and emphasizing factual information?

2.What do we call a study in economics that focuses on examining the details of an individual economic unit or a small segment of the economy?

3.What term refers to a significant statement describing economic behavior or the functioning of the economy?

4.What is the name of the payment system where employees earn a portion of their wages as a share in the company's profits?

5.What is the minimum price set by the government that sellers are permitted to charge for a product or service called?

6.What do we call a market where companies sell goods and households purchase them?

7.What do we call an entity or system that connects buyers with sellers?

8.What term describes the worth of a product sold by a company minus the cost of goods bought and utilized in producing that product?

9.What term describes the proportion of the labor force that is unemployed at a given moment?

10.What is the term for a government payment made to individuals or businesses where no goods or services are received in exchange?

11.What term describes the difference when a country's exports of goods (or goods and services) exceed its imports?

12.What is the term for a compulsory payment made by households or businesses to the government, where no direct goods or services are provided in exchange?

13.Which economic system is characterized by private ownership of property resources and the use of markets and prices to organize and guide economic activities?

14.What do you call a physical facility that carries out one or multiple activities involved in the manufacturing, processing, and distribution of products and services?

15.What is the term for the legally imposed highest price that can be charged for a product or service?

16.What is the name of the market where one country's currency can be exchanged for the currency of another country?

17.What is the term for an entity that utilizes resources to manufacture goods or provide services for profit and manages one or more production facilities?

18.What term describes the actual cash payment a company makes to an external party to acquire a resource?

19.What term describes the practice of setting varied prices for identical products?

20.What term describes the total income generated by a movie after deducting all its economic expenses?