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Agricultural economics

The use of foreign currency as a medium of exchange in place of or long with the local currency e.g. (Mdexican Pesos)___________________?

Agricultural economics /
The use of foreign currency as a medium of exchange in place of or long with the local currency e.g. (Mdexican Pesos)___________________?

A. Partial substitution
B. Currency substitution
C. Currency devaluation
D. None

The use of foreign currency as a medium of exchange in place of or long with the local currency e.g. (Mdexican Pesos)___________________? Read More »

Agricultural economics

The principle that if one factor of production is fixed and constant addition of other factors are combined with it, the marginal productivity of variable factors will eventually decline ?

Agricultural economics /
The principle that if one factor of production is fixed and constant addition of other factors are combined with it, the marginal productivity of variable factors will eventually decline ?

A. Marginal returns
B. Diminishing returns
C. Both
D. None

The principle that if one factor of production is fixed and constant addition of other factors are combined with it, the marginal productivity of variable factors will eventually decline ? Read More »

Agricultural economics

Problems that occur to the individuals or society as a whole as a result of the unpopular consumption habits. Of another individual e.g drug addiction ?

Agricultural economics /
Problems that occur to the individuals or society as a whole as a result of the unpopular consumption habits. Of another individual e.g drug addiction ?

A. Ammunity
B. Commune
C. Consumption diseconomies
D. None of these

Problems that occur to the individuals or society as a whole as a result of the unpopular consumption habits. Of another individual e.g drug addiction ? Read More »

Agricultural economics

The determination by the state, of what shall be produced and how factors of production shall be allocated among different uses ?

Agricultural economics /
The determination by the state, of what shall be produced and how factors of production shall be allocated among different uses ?

A. Circular flow model
B. Cognitive planning
C. Centralized planning
D. None

The determination by the state, of what shall be produced and how factors of production shall be allocated among different uses ? Read More »

Agricultural economics