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.Management Sciences
Category: Agricultural economics
The process of deriving principles is called___________________?
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A. theoretical economics
B. Economics analysis
C. Both A. and B.
D. None of these
An industry in which expansion through the entry of firms decreases the prices, firms in the industry must pay for resources and there fore decreases their production costs ?
A. Declining industry
B. Decreasing cost industry
C. Both
D. None
A large govt. role and some degree of coordinated economic decision making directed towards transforming the economy are usually viewed as essential components of__________________?
A. Tradititional economics
B. Development economics
C. Political economics
D. None
Determinant of supply is__________________?
A. Resource price
B. Techniques of production
C. Taxes a subsidies
D. All
Recurring increase and decrease in the level of economic activity over periods of years?
A. Business cycle
B. Cyclic flow
C. Both
D. None
A curve showing the distribution of income in an economy___________________?
A. Lorenz curve
B. Indifference curve
C. Income budget line
D. Investment damage curve
Upward shift of the demand curve is due to_________________?
A. Changing in quantity demanded
B. Increase in demand
C. Decrease in quantity demanded
D. None
A process of production that uses a higher proportion of capital as compared to other factors of production ?
A. Capital intensive technique
B. Labour intensive technique
C. Both a and b
D. None of these
Failure to use all available economic resources to produce goods and services is called__________________?
A. Unemployment
B. Underemployment
C. Inflation
D. Deflation
The gradual decline over time in the value or price of one currency in terms of another as a result of market forces of supply and demand ?
A. Depreciation
B. Downsizing
C. Rightsizing
D. All
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