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MEDIUM
ENGLISH
Agriculture
A cooperative farm or other collectively organized unit ?
A
Corporation
Option A
B
Commune
Option B
C
Society
Option C
D
All
Option D
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MEDIUM
ENGLISH
Agriculture
The process of improving the quality of all human lives including sustenance, self esteem and freedom________________?
A
Growth
Option A
B
Economic growth
Option B
C
Development
Option C
D
All
Option D
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MEDIUM
ENGLISH
Agriculture
Changing the term of existing loan________________?
A
Debt repudiation
Option A
B
Debt renegotiation
Option B
C
Debt transformation
Option C
D
All
Option D
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MEDIUM
ENGLISH
Agriculture
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
Option A
B
Downsizing
Option B
C
Rightsizing
Option C
D
All
Option D
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MEDIUM
ENGLISH
Agriculture
Proportion of school aged children who don’t complete a particular school cycle ?
A
IIIiteracy rate
Option A
B
Dropout rate
Option B
C
Children un education rate
Option C
D
All
Option D
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MEDIUM
ENGLISH
Agriculture
All international changes in ownership of merchandise passing across the customs borders of trading countries?
A
Merchandise trade balance
Option A
B
International trade laws
Option B
C
Trade barriers
Option C
D
Merchandise imports and exports
Option D
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MEDIUM
ENGLISH
Agriculture
Loans not passed through formal banking system e.g. family loans?
A
Formal finance
Option A
B
Informal finance
Option B
C
Med term loans
Option C
D
Long term loans
Option D
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MEDIUM
ENGLISH
Agriculture
A deliberate effort to replace major consumer imports by promoting the emergence and expansion of domestic industries such as textile, shoes etc ?
A
Import substitution
Option A
B
Export substitution
Option B
C
Autarchy
Option C
D
Industrialization
Option D
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MEDIUM
ENGLISH
Agriculture
Productive investments embodied in human persons?
A
Fixed capital
Option A
B
Human capital
Option B
C
Both A and B
Option C
D
non of these
Option D
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MEDIUM
ENGLISH
Agriculture
A demand curve shifts because of change is_____________________?
A
Consumer tastes
Option A
B
Number of buyers in market
Option B
C
Incomes
Option C
D
All of these
Option D
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MEDIUM
ENGLISH
Agriculture
Determinant of supply is__________________?
A
Resource price
Option A
B
Techniques of production
Option B
C
Taxes a subsidies
Option C
D
All
Option D
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MEDIUM
ENGLISH
Agriculture
The coordinating mechanism of capitalism is a system of___________________?
A
Capital and laborers
Option A
B
Competition
Option B
C
Market and prices
Option C
D
All
Option D
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MEDIUM
ENGLISH
Agriculture
A good and service is indivisible and to which the exclusion principle does apply is called_________________?
A
Public service
Option A
B
Public good
Option B
C
Public finance
Option C
D
Public debt
Option D
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MEDIUM
ENGLISH
Agriculture
The use of the resources of an individual or firm, a region, or a nation to produce one or a few goods and services ?
A
Specialization
Option A
B
speculation
Option B
C
Fly over
Option C
D
Capital flight
Option D
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MEDIUM
ENGLISH
Agriculture
To obtain the greates utility consumer should allocate money income so that last dollar spent on each good or service yields the same marginal utility ?
A
Law of diminishing return
Option A
B
Say’ law
Option B
C
Law of diminishing marginal utility
Option C
D
Say’ law
Option D
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MEDIUM
ENGLISH
Agriculture
Increase in the price level at a rate greater than expected ?
A
Dearness
Option A
B
Deflation
Option B
C
Stagflation
Option C
D
Unanticipated
Option D
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MEDIUM
ENGLISH
Agriculture
Building of new factories in particular nation by corporations of other nations ?
A
Discrimination
Option A
B
Direct foreign investment
Option B
C
Profit maximization rule
Option C
D
Economies of scale
Option D
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MEDIUM
ENGLISH
Agriculture
An industry in which economics profits are negative and which will, therefore, decrease its output as firms leave it ?
A
Increasing cost industry
Option A
B
Decreasing cost industry
Option B
C
Declining industry
Option C
D
None of these
Option D
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MEDIUM
ENGLISH
Agriculture
A course of action indented to correct or avoid a problem_________________?
A
Economic principle
Option A
B
Economic policy
Option B
C
Economic phenomena
Option C
D
Economic rationale
Option D
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MEDIUM
ENGLISH
Agriculture
Obtaining the socially optimal amounts of goods and services using minimum necessary resources ?
A
Economic efficiency
Option A
B
Productive efficiency
Option B
C
Allocative efficiency
Option C
D
All
Option D
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