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Agricultural economics

The amount by which a nation’s import of goods (or goods and services) exceeds its export of goods or goods and services is________________?

The amount by which a nation’s import of goods (or goods and services) exceeds its export of goods or goods and services is________________?

A. Trade surplus
B. Trade deficit
C. Trade bloc
D. None

The amount by which a nation’s import of goods (or goods and services) exceeds its export of goods or goods and services is________________? Read More »

Agricultural economics

The body of knowledge and techniques which can be used to produce goods and service from economic resources is________________?

The body of knowledge and techniques which can be used to produce goods and service from economic resources is________________?

A. Technology
B. Advanced knowledge
C. Both
D. None

The body of knowledge and techniques which can be used to produce goods and service from economic resources is________________? Read More »

Agricultural economics

The transfer of savings from developing countries to industrially advanced countries to avoid govt. expropriation, taxation and high rates of inflation is_________________?

The transfer of savings from develog countries to industrially advanced countries to avoid govt. expropriation, taxation and high rates of inflation is_________________?

A. capital flight
B. capital account
C. capital deficit
D. All of these

The transfer of savings from developing countries to industrially advanced countries to avoid govt. expropriation, taxation and high rates of inflation is_________________? Read More »

Agricultural economics

Changes in govt. spending and tax collection designed to achieve a full employment and non-inflationary domestic out put is called___________________?

Changes in govt. spending and tax collection designed to achieve a full employment and non-inflationary domestic out put is called___________________?

A. Fiscal policy
B. Economic planning
C. Economizing problem
D. None

Changes in govt. spending and tax collection designed to achieve a full employment and non-inflationary domestic out put is called___________________? Read More »

Agricultural economics

Reproduction in the average total cost of producing a products as the firm expands the size of plants (its output) in the long run________________?

Reproduction in the average total cost of producing a products as the firm expands the size of plants (its output) in the long run________________?

A. Economics of scale
B. Economics of mass production
C. Both of these
D. None of these

Reproduction in the average total cost of producing a products as the firm expands the size of plants (its output) in the long run________________? Read More »

Agricultural economics