If there is a price ceiling, there will be shortages surpluses equilibrium 8. If there is a price floor, there will be shortages surpluses equilibrium 7. A businessman opportunity should be accepted if it has _ net present value. The agricultural price support program is an example of a price ceiling a price floor equilibrium pricing 6. all resources are limited., The four factors of production are the resources of land, labor, capital, and a. An increase in supply _ the price and _ the quantity demanded. Study with Quizlet and memorize flashcards containing terms like We are forced to make choices because a. An example of a positive economic statement: Government-provided healthcare increases public expenditures. The fundamental economic problem faced by all societies is: 2.
Basic economics, microeconomics and macroeconomics, commerce, business administration and finance multiple choice questions including MCQ from Economics past papers. and test the development of economics theories. What do you mean by the supply of goods a) Stock available for sale b) Total stock in the warehouse c) The actual production of the goods d) Quantity of the goods offered for sale at a particular price per unit of time Answer:- d Q2. Economics MCQs quiz test questions with answers for FPSC test, PPSC NTS SPSC KPPSC test preparation. Choose the one alternative that best completes the statement or answers the question.
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