Economics Mcqs

A. a temperate climate
B. natural resources
C. an adequate capital bases
D. technological advance

I-artisans, cottage industrialists, petty traders, teashop proprietors
II- garbage pickers jitney unauthorized taxis repair persons
III- the self employed
IV- activities with little capital skill and entry barriers
A. I and II only
B. III and IV only
C. IV only
D. I, II, III and IV

A. is productive activity to obtain private benefit from public action and resources
B. are the payments above the minimum essential to attract the resources to the market?
C. is the wage used to pay unskilled workers?
D. does not include monopoly profits

A. commodity exports as a percentage of GDP per capita of exporting country divided by importing country
B. export earnings as a ratio of population
C. total merchandise export divided by Gross National Income
D. food, raw materials minerals and organic oils and fat as a percentage of total merchandise exports

A. approximated investment minus actual investment
B. inflow of investment from abroad
C. sum of previous gross investment minus depreciation
D. difference between GDP and capital consumption

A. rural politicians
B. rural cultivators
C. rural industrialist
D. rural, religious group

A. convex
B. inverted U shaped
C. L-shaped
D. S-Shaped