Agricultural Economics-Data Intensity 1 | Multiple Questions and Answers

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Agricultural Economics-Data Intensity 1 Multiple Questions and Answers.

6.	An increase either in real output (GDP) or in real output per capita is called_____?

	A.	Economic development
	B.	Economic growth
	C.	Growth rate
	D.	Economic efficiency

7.	Reproduction in the average total cost of producing a products as the firm expands the size of plants (its output) in the long run___?

	A.	Economics of scale
	B.	Economics of mass production
	C.	Both of these
	D.	None of these

8.	A condition when there is excessive produce in the market which lowers down the price is called_____?

	A.	Market glut
	B.	Perfect market
	C.	Imperfect market
	D.	All of these

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

	A.	Fiscal policy
	B.	Economic planning
	C.	Economizing problem
	D.	None of Above

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

	A.	capital flight
	B.	capital account
	C.	capital deficit
	D.	All of these

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» Agricultural Economics-Data Intensity 4

Date to Date Current Affairs 2022

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