Agricultural Economics Questions And Answers.
Exercise ::
Agricultural Economics
1. “Economics is the study of causes of material welfare” was defined by___________________?
A. Adam Smith B. Marshall C. Robins D. Marks
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2. Total money income received by the individual or recipients of income is called______?
A. Gross income B. Net income C. Personal income D. None of above
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3. All the goods and services produced in a country in a year plus other sources of income for example foreign exchange earnings, foreign aid, foreign remittance, loans etc are called ?
A. GDP B. NNp C. NDP D. GNP
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4. Power of a good/ service to satisfy human desire/want is called______?
A. Utility B. Worth C. The point of satiety D. All of above
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5. The sale of products below sale of production in a foreign country or below the prices charged at home is called ?
A. Dumping B. Subsidy C. Inflation D. Monopoly
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