Agriculture MCQs

2794 MCQs  (Page 9 of 280)

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The amount by which a nation’s import of goods (or goods and services) exceeds its export of goods or goods and services is________________?
A. Trade surplus
B. Trade deficit
C. Trade bloc
D. None
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An economic system in which traditions and customs determine how the economy would use its scare resources ?
A. Traditional economy
B. Mixed economy
C. Capitalistic economy
D. Command economy
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Failure to use all available economic resources to produce goods and services is called__________________?
A. Unemployment
B. Underemployment
C. Inflation
D. Deflation
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The price paid for the use of services of labour per unit of time is called__________________?
A. Salary
B. Income
C. Wage
D. All
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A market in which products households sell and firms buy resources or the services of resources is__________________?
A. Resource market
B. Product market
C. Consumer market
D. Producer market
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A measure of average output or real output per unit of input is called____________________?
A. Efficiency
B. Production
C. Productivity
D. None
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The households and the business firms of the economy are called__________________?
A. Public sector
B. Ptivate sector
C. Govt sector
D. None
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The process of deriving principles is called___________________?
A. Theoretical economics
B. Economics analysis
C. Both a. and b.
D. None of these
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An analytic approach in which we move from general to particular from theory to facts is_________________?
A. Induction
B. Deduction
C. Specification
D. None
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“Wealth of nations” was written by_________________?
A. Lewis
B. Rostow
C. Keynes
D. Adam smith
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Word of the Day
26 Jul
Simultaneously
at the same time.
ایک ہی وقت میں، ایک ساتھ، بیک وقت

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