Agricultural Economics Quiz 1
1 / 50
The private ownership of resources and use of a system of market and prices to coordinate and direct economic activity________________?
2 / 50
A summary statement of a nations financial transactions with the outside world ?
3 / 50
What percentage of Agriculture in GDP?
4 / 50
The percentage of labour force unemployment at any time__________________?
5 / 50
An accounting item which increase the value of an asset___________________?
6 / 50
The determination by the state, of what shall be produced and how factors of production shall be allocated among different uses ?
7 / 50
Excess utility over price derived by the consumers because of negative sloping demand curve ?
8 / 50
A rise in the general level of prices in an economy___________________?
9 / 50
A benefit or cost from production or consumption accruing without compensation to non buyers and non/sellers of the product is called_________________?
10 / 50
A good used together with another good is___________________?
11 / 50
Gradual pay off a loan principle ?
12 / 50
Determinant of supply is__________________?
13 / 50
The sale of products below sale of production in a foreign country or below the prices charged at home is called ?
14 / 50
Urban population in LDC?s_________________?
15 / 50
Building of new factories in particular nation by corporations of other nations ?
16 / 50
The use of foreign currency as a medium of exchange in place of or long with the local currency e.g. (Mdexican Pesos)___________________?
17 / 50
Technologies that by design produce less waste and use resources more efficiently ?
18 / 50
Rates of open unemployment in developing world average ?
19 / 50
An individuals demand curve is down sloping because_____________________?
20 / 50
A compensation device through which workers receive part of their pay in the form of share of their employer?s profit___________________?
21 / 50
country?s potential for economic growth is greatly influenced by its endowments of__________________?
22 / 50
The process of improving the quality of all human lives including sustenance, self esteem and freedom________________?
23 / 50
A type of unemployment used by workers voluntarily changing jobs and by temporary layoffs; unemployment workers between jobs?
24 / 50
The annual amount that a borrower must pay a lender over an above the total borrowed ?
25 / 50
A particular set of institutional arrangement and a coordinating mechanism is___________________?
26 / 50
Proportion of school aged children who don?t complete a particular school cycle ?
27 / 50
The households and the business firms of the economy are called__________________?
28 / 50
All seem fully employed but in reality much of their time is spent in unproductive activities?
29 / 50
In developed countries manufactured goods are about ________________% of total export?
30 / 50
In less developed nations economic dependency burden is__________________?
31 / 50
Total money income received by the individual or recipients of income is called____________________?
32 / 50
Total amount of income necessary to raise everyone who is below the poverty line up to that line ?
33 / 50
In ___________________ we avoid value judgments and focus on facts?
34 / 50
The rate of exchange of one nation?s currency for another nation?s currency?
35 / 50
An increase either in real output (GDP) or in real output per capita is called___________________?
36 / 50
The core value of development is________________?
37 / 50
A deliberate effort to replace major consumer imports by promoting the emergence and expansion of domestic industries such as textile, shoes etc ?
38 / 50
A household?s or firm?s income in the form of goods or services ?
39 / 50
From of central bank that issues domestic currency for foreign exchange at fixed rates ?
40 / 50
The total amount by the federal govt. of the owner of the govt. securities is called___________________?
41 / 50
Employment available resources so that the maximum amount of goods and services is produced?
42 / 50
Discount rate that causes a project to have a net present value of zero used to rank projects in comparison with market rates of interest?
43 / 50
The implicit change in real income resulting from the effects of a change in a commodity?s price on quantity demand?
44 / 50
The branch of economics which analyze govt. revenues and expenditures is__________________?
45 / 50
An industry in which economics profits are negative and which will, therefore, decrease its output as firms leave it ?
46 / 50
A bank which lends to developing nations to help them increase their capital stock and this achieve economic growth ?
47 / 50
Year number of deaths per 1,000 population is called?
48 / 50
A market in which money of one nation can be used to purchase the money of other nation is called____________________?
49 / 50
Meaningful statement about the economic behavior or the economy is called_______________________?
50 / 50
A demand curve shifts because of change is_____________________?
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