Agricultural Economics Quiz 5

Agriculture contribution in GNP of developing nations?

A debit which monitory value, an amount awed by a firm or an individual___________________?

All international changes in ownership of merchandise passing across the customs borders of trading countries?

The sacrifice of some or all one economic goal, good, or services to achieve some other goal, good or service is called__________________?

Productive investments embodied in human persons?

An organization of producers agreeing to limit the output of their product in an effort to raise prices and profit ?

The demand schedule or the demand curve of all buyers of a good or service is called____________________?

Agriculture contribution in GNP of developing nations ?

A supply curve shifts because of change in_____________________?

A measure of the real purchasing power of the community ?

The part of the urban economy of LDC?s characterized by small competitive individual or family firms, labour intensive methods, free entry and market determined factor and product prices?

The responsiveness of the quantity demand of a commodity to change in the consumer?s income, measured by the proportionate change in quantity divided by the proportionate change in income ?

Private or public debt owed to foreign citizens firms and institutions ?

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

Failure to use all available economic resources to produce goods and services is called__________________?

The activity of buying or selling with the motive of later reselling or re buying for profit is called ?

Stage of growth model development was porposed by____________________?

Problems that occur to the individuals or society as a whole as a result of the unpopular consumption habits. Of another individual e.g drug addiction ?

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

The total revenue of a film less all its economic costs is called_____________________?

When price for one and demand for other move in same direction we say them___________________?

The study of how economies are transformed from stagnation to growth and from low income to higher income status?

Stocks of commodities held by the countries or international organizations to moderate the commodities price fluctuations ?

A group of firms which produces identical or similar products__________________?

An ownership share in a corporation___________________?

Activities of central bank designed to influence financial variables such as money supply and interest rates?

The extreme case of physical resource endowment is ________________?

Obtaining the socially optimal amounts of goods and services using minimum necessary resources ?

Excess of total revenue over total costs_______________?

?All LDC?s require to take off into a period of self-sustaining economic growth is a massive investment program designed to promote rapid industrialization and the building up of economic infrastructure.? ?

Situation in which govt. intervention in an economy worsens outcomes__________________?

An interest bearing deposit which normally can be withdrawn by the depositor at any time ?

An essentially risk free, long term interest rate which is free of the influence of market imperfections?

In least developed nations dependent children are__________________?

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