Economics MCQs

Page No. 335

Amartya K. Sen emphasizes that having enough to eat depends on ?


asociety’s system of entitlement


ban egalitarian income distribution


c low poverty rates


dsociety’s high Gini concentration



Which of the following colonial policy contribute further to today’s agricultural underdevelopment in Africa ?


aColonial governments compelled farmers to grow selected crops


bColonialists failed to train African agricultural scientists and managers


c Research and development concentrated on food production and small farmers and herders.


db and c


View Answer b and c

Which index combines measures of calorie availability (in relation to requirement) the growth of per capita daily energy supply food production food staples self-sufficiency, and variability of food production and consumption ?


afood sufficiency index


bfood security index


cfood self-intake index


dfood growth index


View Answer food security index

Which of the following is not a major factor raising LDC agricultural labor productivity ?


anew biological chemical mechanical inputs in production


b new technical and organizational knowledge from greater specialization


cexpanded markets for agricultural output


d massive government intervention



Which scholar argues the following Plantations have no significant advantage over peasants [for] crops for which centralized processing and marketing are not necessary Cocoa and coconuts are typical examples of a lack of large scale economies Peasants can grow and process these crops in small lots with no large capital requirement beyond small indigenous tools and facilities ?


aYujiro Hayami


bRaanan Weitz


cHans Singer


dTim Dyson


View Answer Yujiro Hayami

Which of the following is not true about the specialized farm ?


a Such a farm is the most advanced


b Such a farm usually emphasizes


cSuch a farm is labor intensive


dSuch a farm uses advanced technology and takes advantage of economies of scale.



Which of the following is not true about most farmers in LDCs ?


aThe staple crop is the chief sources of food


blabor is underutilized except for planting and harvesting seasons


cOn the traditional farm, output is always greater than consumption


dcultivators farm only as much land as their



According to the factor price equalization theorem, the ________ factor should oppose free. trade policies in any given country?


a abundant


bscarce


cneither


d can’t tell without more information


View Answer scarce

By adjusting the model of comparative advantage to include transportation costs along with production costs we would expect ?


aThe prices of trade goods to be lower than when there are no transportation costs


bspecialization to stop when the production costs of the trading partners equalize


cThe volume of trade to be less than when there are no transportation costs


dThe gains from trade to be greater than when there are no transportation costs



Advocates of industrial policy maintain that government should ?


apursue free trade as a policy that leads to maximum global efficiency


b grant subsidies to firms offering potential comparative advantage


cprovide loans to domestic workers in exporting industries


dincrease interest rates on loans made to firms in import-competing industries



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