Economics MCQs

Page No. 334

According to the classical economists the economy ?


arequires fine tuning to reach full employment


b can never deviate from full employment


cwill never be at full employment


d is self-correcting.



Prices that do not always adjust rapidly to maintain equality between quantity supplied and quantity demanded are ?


amarket prices


bsticky prices


c fixed prices


dregulatory prices


View Answer sticky prices

In food demand growth equation D = Φ + a E, a is the income elasticity of demand for food E is the per capita income growth and Φ is ?


aPoverty rates


bfood security index


cchange in the quantity of food demanded per capita


dpopulation growth


View Answer population growth

A set of alternative commodity bundles that a person can command in a society using the totality of rights and opportunities that he possesses is known as ?


aProduction possibilities


bentitlement


c income distribution


degalitarianism



Which of the following NOT a cause of food insecurity, according to Nic Maunder, a specialist on Ethiopia ?


aWar and bad governance


bCorruption and mismanagement


c Poor roads


dAid from developed nations



Which of the following is not among the most advanced global food chain cluster with headquarters in the US ?


acargil/Monsanto


bConAgra


cNovartis/ADM


dProcter & Gamble


View Answer Procter & Gamble

Which of the following statement about rural and agricultural development is true ?


a Rural development is the same as agricultural development


b The agrarian community requires a full range of services such as schools merchants banks and so on


cHousehold nonfarm income is uncorrelated to farm productivity and uncorrelated to farm productivity and household incomes in Kenya


dChina’s rural population receives little income from nonfarm income



Which of the following is not a consequence of growing agricultural commercialization ?


aAn increase in the number of landless laborers


bAn increase in rural poverty


cWomen gain in decision making power


dWorkers nutrition is reduced



Most of Latin America has been characterized by ______ large land-grand estates owned by the few and ________ small poor holdings that rarely provide adequate employment for a family ?


amultitudinous latitudinous


blatifundios, minifundios


c feudum, nocere


dGrameen, repetto



Which of the following is a form of urban bais ?


aTax incentive and subsidies to infant industry


bTariff and quota protection for industry


cSpending more for education training housing, health and transport in urban areas than in rural areas.


dA , B and C


View Answer A , B and C

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