What is a tax that a country places on imported goods called?
Correct answer B. Tariff
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Agriculture MCQs
Page 11 of Agriculture multiple-choice questions with answers. Tap an option to check yourself.
Page 11 of 135
What is nominal income called once it has been adjusted for inflation?
Correct answer D. Real income
Which branch of economics studies government revenue and spending?
Correct answer A. Public finance
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What is a legally set price that lies above the equilibrium price called?
Correct answer B. Floor price
What is the term for moving savings from developing countries to advanced industrial ones to escape expropriation, taxation and high inflation?
Correct answer B. Capital flight
What are changes in government spending and tax collection, aimed at achieving full employment and non-inflationary domestic output, called?
Correct answer C. Fiscal policy
What is the situation called when too much produce floods the market and pushes prices down?
Correct answer C. Market glut
What term describes the fall in a firm’s long-run average total cost as it expands its plant size and output?
Correct answer C. Both of these
What is an increase in real output (GDP), or in real output per person, known as?
Correct answer D. Economic growth
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What is it called when goods are sold in a foreign country below their cost of production or below the price charged at home?
Correct answer C. Dumping
What is the power of a good or service to satisfy a human want called?
Correct answer A. Utility
What term describes all the goods and services produced by a country in a year, together with income from other sources such as foreign exchange earnings, foreign aid, remittances and loans?
Correct answer A. GNP
What term describes the total money income received by individuals or other recipients of income?
Correct answer C. Gross income
Who defined economics as “the study of causes of material welfare”?
Correct answer A. Marshall
What is the whole body of a fungus known as?
Correct answer A. Thallus
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Which of the following is a disease of wheat?
Correct answer D. All of the above
How do fungi damage crops?
Correct answer C. Absorption of nutrients from plant tissues
What causes root knot disease?
Correct answer A. Nematodes
What is a pathogen?
Correct answer C. Any organism which causes disease
Through which structures does air enter and travel in insects?
Correct answer B. Trachea