The total number of people living below a specified minimum level of real income, an international poverty line, is called ? April 20, 2025 by admin A. Relative poor B. Real poverty C. Absolute poor D. None
A measure of the real purchasing power of the community ? April 20, 2025 by admin A. Aggregate demand B. Total effective demand C. Total expenditure D. All
The portion of economy consisting of Agriculture, Forestry, Hunting and Fishing ? April 20, 2025 by admin A. Agricultural sector B. Rural sector C. Farm economy D. All
A closed economy that attempts to be completely self-reliant ? April 20, 2025 by admin A. Amortization B. Command economy C. Autarchy D. None
The attainment of literacy, arithmetic competence and elementary vocational skills ? April 20, 2025 by admin A. Basic qualifications B. Basic education C. Primary education D. All
“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.” ? April 20, 2025 by admin A. Economic development theory B. Big Push theory of development C. Rostow’s development plan D. Harod Domes model
Stocks of commodities held by the countries or international organizations to moderate the commodities price fluctuations ? April 20, 2025 by admin A. Black market B. Buffer stocks C. Capital stocks D. Speculation
An organization of producers agreeing to limit the output of their product in an effort to raise prices and profit ? April 20, 2025 by admin A. Cartel B. Capital account C. Buffer stock D. Capital account
The determination by the state, of what shall be produced and how factors of production shall be allocated among different uses ? April 20, 2025 by admin A. Circular flow model B. Cognitive planning C. Centralized planning D. None
A process of production that uses a higher proportion of capital as compared to other factors of production ? April 20, 2025 by admin A. Capital intensive technique B. Labour intensive technique C. Both a and b D. None of these
