Economics 2009 | Study Mode

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Question 31
A
labour-intensive method of production
B
capital-intensive method of production
C
efficient allocation of resources
D
efficient distribution of output
Explanation

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Correct option: C
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Question 32
A
higher price at home than abroad
B
lower price at home than abroad
C
price that equates marginal cost with marginal revenue
D
price above marginal cost abroad
Explanation
Dumping is an international price discrimination in which an exporter firm sells a portion of its output in a foreign market at a very low price and the remaining output at a high price in the home market

Correct option: A
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Question 33
A
market force determine interest and exchange rates
B
government alone determines interests and exchange rates
C
market forces and government determine interest and exchange rates
D
exchange rate is regulated while interest rate is fixed
Explanation

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Correct option: C
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Question 34
A
provide short-run loans to members
B
encourage trade between members
C
promote capital-intensive production
D
provide long-time loans to members
Explanation

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Correct option: D
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Question 35
A
high level of risk
B
limited expertise
C
limited source of capital
D
high taxation
Explanation

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Correct option: C
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Question 36
A
the chief executive
B
the shareholders
C
the board of directors
D
financial consultants
Explanation

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Correct option: C
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Question 37
A
a massive production of farm produce
B
re-establishing the marketing boards
C
establishing more agricultural banks
D
processing of farm produce
Explanation

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Correct option: B
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Question 38
A
ban the importation of a agricultural products
B
increase the exportation of agricultural products
C
improve the quality of domestic agricultural products
D
increase the output of domestic agricultural products
Explanation

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Correct option: C
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Question 39
A
the availability of transport ntwork
B
the proximity to source of power
C
the proximity to large deposits of iron ore
D
political consideration
Explanation

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Correct option: C
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Question 40
A
large market
B
power supply
C
government policy
D
weather conditions
Explanation

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Correct option: A

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