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Agricultural economics

An economic system in which traditions and customs determine how the economy would use its scare resources ?

August 30, 2021March 27, 2019 by admin
An economic system in which traditions and customs determine how the economy would use its scare resources ?

A. Traditional economy
B. Mixed economy
C. capitalistic economy
D. Command economy

Categories 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________________?

August 30, 2021March 27, 2019 by admin
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

Categories Agricultural economics

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

August 30, 2021March 27, 2019 by admin
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

Categories Agricultural economics

A tax imposed by a nation on an imported good is called_________________?

August 30, 2021March 27, 2019 by admin
A tax imposed by a nation on an imported good is called_________________?

A. Tariff
B. Foreign exchange
C. Net profit
D. GNP

Categories Agricultural economics

Nominal income adjusted for inflation__________________?

August 30, 2021March 27, 2019 by admin
Nominal income adjusted for inflation__________________?

A. Real income
B. Net income
C. Total income
D. None

Categories Agricultural economics

The branch of economics which analyze govt. revenues and expenditures is__________________?

August 30, 2021March 27, 2019 by admin
The branch of economics which analyze govt. revenues and expenditures is__________________?

A. Public revenue
B. Public finance
C. Public good
D. None

Categories Agricultural economics

A legally determined price above the equilibrium price is__________________?

August 30, 2021March 27, 2019 by admin
A legally determined price above the equilibrium price is__________________?

A. Floor price
B. Ceiling price
C. Equilibrium price
D. None

Categories Agricultural economics

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

August 30, 2021March 27, 2019 by admin
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

Categories Agricultural economics

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

August 30, 2021March 27, 2019 by admin
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

Categories Agricultural economics

A condition when there is excessive produce in the market which lowers down the price is called__________________?

August 30, 2021March 27, 2019 by admin
A condition when there is excessive produce in the market which lowers down the price is called__________________?

A. Market glut
B. Perfect market
C. Imperfect market
D. All of these

Categories Agricultural economics
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