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Agricultural Economics Quiz 1


Agricultural Economics Quiz 1

1 / 50

A particular set of institutional arrangement and a coordinating mechanism is___________________?

2 / 50

The process of improving the quality of all human lives including sustenance, self esteem and freedom________________?

3 / 50

In ___________________ we avoid value judgments and focus on facts?

4 / 50

A compensation device through which workers receive part of their pay in the form of share of their employer?s profit___________________?

5 / 50

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

6 / 50

Total amount of income necessary to raise everyone who is below the poverty line up to that line ?

7 / 50

The percentage of labour force unemployment at any time__________________?

8 / 50

An accounting item which increase the value of an asset___________________?

9 / 50

In developed countries manufactured goods are about ________________% of total export?

10 / 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?

11 / 50

Building of new factories in particular nation by corporations of other nations ?

12 / 50

A rise in the general level of prices in an economy___________________?

13 / 50

Meaningful statement about the economic behavior or the economy is called_______________________?

14 / 50

What percentage of Agriculture in GDP?

15 / 50

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

16 / 50

A deliberate effort to replace major consumer imports by promoting the emergence and expansion of domestic industries such as textile, shoes etc ?

17 / 50

country?s potential for economic growth is greatly influenced by its endowments of__________________?

18 / 50

Technologies that by design produce less waste and use resources more efficiently ?

19 / 50

The implicit change in real income resulting from the effects of a change in a commodity?s price on quantity demand?

20 / 50

The households and the business firms of the economy are called__________________?

21 / 50

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

22 / 50

The rate of exchange of one nation?s currency for another nation?s currency?

23 / 50

Proportion of school aged children who don?t complete a particular school cycle ?

24 / 50

Urban population in LDC?s_________________?

25 / 50

Year number of deaths per 1,000 population is called?

26 / 50

A type of unemployment used by workers voluntarily changing jobs and by temporary layoffs; unemployment workers between jobs?

27 / 50

From of central bank that issues domestic currency for foreign exchange at fixed rates ?

28 / 50

The core value of development is________________?

29 / 50

Employment available resources so that the maximum amount of goods and services is produced?

30 / 50

A bank which lends to developing nations to help them increase their capital stock and this achieve economic growth ?

31 / 50

Gradual pay off a loan principle ?

32 / 50

A benefit or cost from production or consumption accruing without compensation to non buyers and non/sellers of the product is called_________________?

33 / 50

The determination by the state, of what shall be produced and how factors of production shall be allocated among different uses ?

34 / 50

A good used together with another good is___________________?

35 / 50

The private ownership of resources and use of a system of market and prices to coordinate and direct economic activity________________?

36 / 50

A demand curve shifts because of change is_____________________?

37 / 50

A market in which money of one nation can be used to purchase the money of other nation is called____________________?

38 / 50

An individuals demand curve is down sloping because_____________________?

39 / 50

Rates of open unemployment in developing world average ?

40 / 50

In less developed nations economic dependency burden is__________________?

41 / 50

Excess utility over price derived by the consumers because of negative sloping demand curve ?

42 / 50

An industry in which economics profits are negative and which will, therefore, decrease its output as firms leave it ?

43 / 50

The use of foreign currency as a medium of exchange in place of or long with the local currency e.g. (Mdexican Pesos)___________________?

44 / 50

Determinant of supply is__________________?

45 / 50

The annual amount that a borrower must pay a lender over an above the total borrowed ?

46 / 50

The total amount by the federal govt. of the owner of the govt. securities is called___________________?

47 / 50

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

48 / 50

All seem fully employed but in reality much of their time is spent in unproductive activities?

49 / 50

A summary statement of a nations financial transactions with the outside world ?

50 / 50

A household?s or firm?s income in the form of goods or services ?

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