Agriculture Mcqs - Page 14 of 277

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

The amount by which a nation’s export of goods (or goods and services) exceeds its import of goods or goods and services is……………?

The activity of buying or selling with the motive of later reselling or re buying for profit is called ?

All points on the production possibility curve explain………………?

In……………. economics we look at desirability of certain aspects of the economy ?

Amount of other products which must be foregone or sacrificed to obtain 1 unit of a specific good is called its…………..?

Production possibility curve is always concave because ?

In ………………. we avoid value judgments and focus on facts?

A film on economics in which economists study and observe the details of an economic unit or a very small judgment of economy is………………?

Meaningful statement about the economic behavior or the economy is called…………………..?

An analytic approach in which we move from facts to theory, from a particular to general is called………………..?

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