MCQs 1: A measure of the real purchasing power of the community ?
MCQs 2: The portion of economy consisting of Agriculture, Forestry, Hunting and Fishing ?
MCQs 3: A closed economy that attempts to be completely self-reliant ?
MCQs 4: The attainment of literacy, arithmetic competence and elementary vocational skills ?
MCQs 5: “All LDC’s require to take off into a period of self-sustaining economic growth is a massive investment program designed to promote rapid industrialization and the building up of economic infrastructure.” ?
Economic development theory
Big Push theory of development
Rostow’s development plan
Harod Domes model
MCQs 6: Stocks of commodities held by the countries or international organizations to moderate the commodities price fluctuations ?
MCQs 7: An organization of producers agreeing to limit the output of their product in an effort to raise prices and profit ?
MCQs 8: The determination by the state, of what shall be produced and how factors of production shall be allocated among different uses ?
MCQs 9: A process of production that uses a higher proportion of capital as compared to other factors of production ?
MCQs 10: A technological innovation that increase the production while using the same capital input?
Capital saving technological process
Production intensive technique
Capital intensive technique
None
MCQs 11: 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 ?
MCQs 12: From of central bank that issues domestic currency for foreign exchange at fixed rates ?
MCQs 13: Technologies that by design produce less waste and use resources more efficiently ?
MCQs 14: A cooperative farm or other collectively organized unit ?
MCQs 15: The process of improving the quality of all human lives including sustenance, self esteem and freedom________________?
MCQs 16: 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 ?
MCQs 17: The use of foreign currency as a medium of exchange in place of or long with the local currency e.g. (Mdexican Pesos)___________________?
MCQs 18: Changing the term of existing loan________________?
MCQs 19: 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 ?
MCQs 20: he yearly number of children born alive per 1,000 women within a chil bearing age bracket?
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