Agriculture MCQs

Page No. 229

Meaningful statement about the economic behavior or the economy is called_______________________?


aEconomic principle

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bEconomic theories

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cBoth

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d None

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View Answer Both

An analytic approach in which we move from facts to theory, from a particular to general is called____________________?


aInduction

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bDeduction

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cGeneralization

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dRandomization

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View Answer Induction

A compensation device through which workers receive part of their pay in the form of share of their employer’s profit___________________?


aLabour laws

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bLabour saving scheme

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cProfit sharing plan

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dProfit maximizing plan

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View Answer Profit sharing plan

A minimum price which govt. allows seller to receive for a good or service____________________?


aCeiling Price

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bFloor Price

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cSupprot Price

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d All

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View Answer Supprot Price

A market in which products are sold by firms and bought by households is_________________?


aResource market

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bProduct market

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cConsumer market

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dNone

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View Answer Product market

An institution or mechanism which brings together buyers and sellers is called____________________?


aMarket

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b Resource Market

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cProduct Market

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d None

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View Answer Market

The value of a product sold by a firm less the value of the products purchased and used by the firm to produce the product____________________?


aValue added

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b Value of money

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cVertical range

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dNone

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View Answer Value added

The percentage of labour force unemployment at any time__________________?


aUnemployment rate

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bInflation rate

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cDeflation rate

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dNone

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View Answer Unemployment rate

A payment of money or goods & services by a govt. to a household or firm for which the payer receives no good or service directly in return______________?


aTax

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bTariff

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c Transfer payment

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d Subsidy

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View Answer Transfer payment

The export of goods (or goods and services) of a nation less its imports of goods (or goods and services)__________________?


aTrade Balance

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bTrade deficit

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cTrade surplus

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d None

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View Answer Trade surplus

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