A. Marginal returns
B. Diminishing returns
C. Both
D. None
Agriculture Mcqs
The process of improving the quality of all human lives including sustenance, self esteem and freedom…………….?
A. Growth
B. Economic growth
C. Development
D. All
A cooperative farm or other collectively organized unit ?
A. Corporation
B. Commune
C. Society
D. All
Technologies that by design produce less waste and use resources more efficiently ?
A. Clean technologies
B. Efficient technology
C. Productive technology
D. Innovative technology
From of central bank that issues domestic currency for foreign exchange at fixed rates ?
A. Stock exchange
B. Currency board
C. State Bank
D. Commercial Bank
Problems that occur to the individuals or society as a whole as a result of the unpopular consumption habits. Of another individual e.g drug addiction ?
A. Ammunity
B. Commune
C. Consumption diseconomies
D. None of these
A technological innovation that increase the production while using the same capital input?
A. Capital saving technological process
B. Production intensive technique
C. Capital intensive technique
D. None
A process of production that uses a higher proportion of capital as compared to other factors of production ?
A. Capital intensive technique
B. Labour intensive technique
C. Both a and b
D. None of these
The determination by the state, of what shall be produced and how factors of production shall be allocated among different uses ?
A. Circular flow model
B. Cognitive planning
C. Centralized planning
D. None
An organization of producers agreeing to limit the output of their product in an effort to raise prices and profit ?
A. Cartel
B. Capital account
C. Buffer stock
D. Capital account