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Agricultural Economics-Data Intensity 2 Multiple Questions and Answers.
| 11. | The process of deriving principles is called_____? | ||
| A. | theoretical economics | ||
| B. | Economics analysis | ||
| C. | Both A. and B. | ||
| D. | None of these | ||
| 12. | An analytic approach in which we move from general to particular from theory to facts is_____? | ||
| A. | Induction | ||
| B. | Deduction | ||
| C. | Specification | ||
| D. | None of these | ||
| 13. | “Wealth of nations†was written by____? | ||
| A. | Lewis | ||
| B. | Rostow | ||
| C. | Keynes | ||
| D. | Adam Smith | ||
| 14. | All goods and services produced in a country in one year are called its_____? | ||
| A. | GNP | ||
| B. | GDP | ||
| C. | NDP | ||
| D. | None of them | ||
| 15. | Using part of income/saving for more income is called_____? | ||
| A. | Investment | ||
| B. | Busyness | ||
| C. | Consumption | ||
| D. | Entrepreneurship | ||
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