Economics MCQs

Page No. 335

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


asociety’s system of entitlement

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ban egalitarian income distribution

✓


c low poverty rates

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dsociety’s high Gini concentration

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


aColonial governments compelled farmers to grow selected crops

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bColonialists failed to train African agricultural scientists and managers

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

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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

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bfood security index

✓


cfood self-intake index

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dfood growth index

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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

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b new technical and organizational knowledge from greater specialization

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cexpanded markets for agricultural output

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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

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cHans Singer

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dTim Dyson

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View Answer Yujiro Hayami

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


a Such a farm is the most advanced

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b Such a farm usually emphasizes

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cSuch a farm is labor intensive

✓


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

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


aThe staple crop is the chief sources of food

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blabor is underutilized except for planting and harvesting seasons

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cOn the traditional farm, output is always greater than consumption

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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

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bscarce

✓


cneither

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d can’t tell without more information

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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

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

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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

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Advocates of industrial policy maintain that government should ?


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

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b grant subsidies to firms offering potential comparative advantage

✓


cprovide loans to domestic workers in exporting industries

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

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