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Agricultural economics

______________assumes economic rationality and purely materialistic, individualistic, self interested orientation towards economic decision making?

______________assumes economic rationality and purely materialistic, individualistic, self interested orientation towards economic decision making?

A. Traditional economy
B. Political economy
C. Capitalistic economy
D. Open economy

______________assumes economic rationality and purely materialistic, individualistic, self interested orientation towards economic decision making? Read More »

Agricultural economics

A large govt. role and some degree of coordinated economic decision making directed towards transforming the economy are usually viewed as essential components of__________________?

A large govt. role and some degree of coordinated economic decision making directed towards transforming the economy are usually viewed as essential components of__________________?

A. Tradititional economics
B. Development economics
C. Political economics
D. None

A large govt. role and some degree of coordinated economic decision making directed towards transforming the economy are usually viewed as essential components of__________________? Read More »

Agricultural economics

A line which shows different combinations of two products a consumer can purchase with a specific money income, given the products price?

A line which shows different combinations of two products a consumer can purchase with a specific money income, given the products price?

A. Indifference curve
B. Lorenz curve
C. Budget line
D. Say’s law

A line which shows different combinations of two products a consumer can purchase with a specific money income, given the products price? Read More »

Agricultural economics