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.Management Sciences
Category: Agricultural economics
An index measuring national socioeconomic development based on measures of life expectancy at birth, educational attainment and adjusted per capital income ?
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A. Human development index
B. Human poverty index
C. Headcount index
D. None
The sacrifice of some or all one economic goal, good, or services to achieve some other goal, good or service is called__________________?
A. Trade block
B. Trade union
C. Trade offs
D. All
The implicit change in real income resulting from the effects of a change in a commodity’s price on quantity demand?
A. Income effect
B. Substitution effect
C. Labour effect
D. All
The total amount buyers of goods and services sped or plan to spend____________________?
A. Total spending
B. Aggregate spending
C. Both a and b
D. None
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 ?
A. Elasticity of demand
B. Import substitution
C. Income elasticity of demand
D. None
A film on economics in which economists study and observe the details of an economic unit or a very small judgment of economy is__________________?
A. Macroeconomic
B. Micro economic
C. Positive economic
D. Normative economic
Directing domestic resources to output which a nation is highly efficient at producing is called____________________?
A. International Trade
B. Speculation
C. International specialization
D. None
International resources shared by all countries e.g ocean, air etc?
A. Global environment facility
B. Global commons
C. Global reserves
D. None
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