agriculture MCQs – Page 237

Practise multiple-choice questions from agriculture for competitive examinations and subject revision. Review each marked answer and report any item that may be outdated or unclear.

4722. Determinant of supply is__________________?
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A. All

B. Resource price

C. Taxes a subsidies

D. Techniques of production

4726. A course of action indented to correct or avoid a problem_________________?
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A. Economic policy

B. Economic principle

C. Economic rationale

D. Economic phenomena

4728. International resources shared by all countries e.g ocean, air etc?
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A. Global environment facility

B. Global commons

C. None

D. Global reserves

4729. Nonproductive members of society are referred to as___________________?
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A. None of these

B. Society wastes

C. Society burden

D. Economic dependency burden
4731. All international changes in ownership of merchandise passing across the customs borders of trading countries?
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A. Merchandise imports and exports

B. International trade laws

C. Merchandise trade balance

D. Trade barriers

4732. Building of new factories in particular nation by corporations of other nations ?
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A. Economies of scale

B. Profit maximization rule

C. Discrimination

D. Direct foreign investment
4733. A federal budget deficit caused by a recession and a consequent decline in tax revenues ?
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A. Annual deficit

B. Anticipated deficit

C. None

D. Cyclical deficit
4735. Situation in which govt. intervention in an economy worsens outcomes__________________?
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A. Govt. failure

B. Govt. inefficiency

C. Market perfection

D. None

4738. The rate of exchange of one nations currency for another nations currency?
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A. Exchange rate determinant

B. None of these

C. Exchange rate appreciation

D. Exchange rate depreciation

4740. Noble prize of Economics in 1979 was awarded to________________?
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A. W. Arthur Lewis

B. Theodore Schultz

C. Both a and b

D. None