Which bank lends to developing countries to help them build up their capital stock and so achieve economic growth?
Correct answer B. None
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Agriculture MCQs
Page 7 of Agriculture multiple-choice questions with answers. Tap an option to check yourself.
Page 7 of 135
What is a legal entity, chartered by a state or the federal government, that is distinct and separate from the people who own it?
Correct answer B. Corporation
Which section of a nation’s balance of payments records its exports and imports of goods and services, net investment income and net transfers?
Correct answer D. Current account
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Which type of unemployment results from insufficient total spending in the economy?
Correct answer C. Cyclical unemployment
Which accounting entry increases the value of an asset?
Correct answer B. Debit
What is a simplified, abstract representation of economic reality called?
Correct answer C. Economic model
What is the cooperation and unification of the economies of different nations termed?
Correct answer B. Economic integration
What is an industry called where the entry of new firms lowers the prices firms pay for resources and so reduces their production costs?
Correct answer C. Decreasing cost industry
What term describes a decrease in the officially defined value of a currency?
Correct answer A. Devaluation
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What is a rise in the price level called when it results from aggregate demand exceeding output at existing prices?
Correct answer B. Demand-pull inflation
What is the failure to achieve full production called?
Correct answer B. Underemployment
What is it called when some or all of one economic goal, good or service is given up to achieve another?
Correct answer B. Trade-offs
What term describes the total amount that buyers of goods and services spend or plan to spend?
Correct answer C. Both A and B
What is the demand schedule or demand curve for all buyers of a good or service called?
Correct answer B. Both
What is an asset kept aside for future use described as?
Correct answer B. Store of value
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What is a commercial bank licensed by a state government to carry on banking business called?
Correct answer A. State Bank
What is a benefit or cost from producing or consuming a product that falls, without compensation, on people who neither buy nor sell it?
Correct answer A. Spillover
Which tax is charged on the price of a broad range of products?
Correct answer A. Sales tax
What is the part of the economy made up of all government bodies called?
Correct answer D. Public sector
What is the total amount owed by the federal government to holders of government securities called?
Correct answer A. Public debt