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
Agriculture MCQs
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
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
Technologies that by design produce less waste and use resources more efficiently ?
A. Clean technologies B. Efficient technology C. Productive technology D. Innovative technology
A cooperative farm or other collectively organized unit ?
A. Corporation B. Commune C. Society D. All
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
The principle that if one factor of production is fixed and constant addition of other factors are combined with it, the marginal productivity of variable factors will eventually decline ?
A. Marginal returns B. Diminishing returns C. Both D. None
The use of foreign currency as a medium of exchange in place of or long with the local currency e.g. (Mdexican Pesos)___________________?
A. Partial substitution B. Currency substitution C. Currency devaluation D. None
Changing the term of existing loan________________?
A. Debt repudiation B. Debt renegotiation C. Debt transformation D. All
The gradual decline over time in the value or price of one currency in terms of another as a result of market forces of supply and demand ?
A. Depreciation B. Downsizing C. Rightsizing D. All