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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________________?

August 30, 2021March 27, 2019 by admin
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

Categories Agricultural economics

An increase either in real output (GDP) or in real output per capita is called___________________?

August 30, 2021March 27, 2019 by admin
An increase either in real output (GDP) or in real output per capita is called___________________?

A. Economic development
B. Economic growth
C. Growth rate
D. Economic efficiency

Categories Agricultural economics

The sale of products below sale of production in a foreign country or below the prices charged at home is called ?

August 30, 2021March 27, 2019 by admin
The sale of products below sale of production in a foreign country or below the prices charged at home is called ?

A. Dumg
B. Subsidy
C. Inflation
D. Monopoly

Categories Agricultural economics

Power of a good/ service to satisfy human desire/want is called____________________?

August 30, 2021March 27, 2019 by admin
Power of a good/ service to satisfy human desire/want is called____________________?

A. Utility
B. Worth
C. The point of satiety
D. All of these

Categories Agricultural economics

All the goods and services produced in a country in a year plus other sources of income for example foreign exchange earnings, foreign aid, foreign remittance, loans etc are called ?

August 30, 2021March 27, 2019 by admin
All the goods and services produced in a country in a year plus other sources of income for example foreign exchange earnings, foreign aid, foreign remittance, loans etc are called ?

A. GDP
B. NNp
C. NDP
D. GNP

Categories Agricultural economics

Total money income received by the individual or recipients of income is called____________________?

August 30, 2021March 27, 2019 by admin
Total money income received by the individual or recipients of income is called____________________?

A. Gross income
B. Net income
C. Personal income
D. None of above

Categories Agricultural economics

“Economics is the study of causes of material welfare” was defined by___________________?

August 30, 2021March 27, 2019 by admin
“Economics is the study of causes of material welfare” was defined by___________________?

A. Adam Smith
B. Marshall
C. Robins
D. Marks

Categories Agricultural economics
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