Agriculture MCQs

2794 MCQs  (Page 12 of 280)

In ___________________ we avoid value judgments and focus on facts?
A. Positive economics
B. Normative economics
C. Theoretical economics
D. Factual economics
Production possibility curve is always concave because ?
A. The curve gets steeper as we move downward
B. The marginal benefit decreases as more of a good is consumed
C. In reflects the law of increasing opportunity cost
D. Resources are scarce
All points on the production possibility curve explain__________________?
A. Allocative efficiency
B. Productive efficiency
C. Less than full use of resources
D. Unattainable levels of output