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Economics Mcqs 4423 MCQs [All-Courses]

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Economics MCQs cover fundamental concepts of microeconomics and macroeconomics, including demand and supply, inflation, national income, and economic policies.
This section is designed to strengthen analytical skills and conceptual understanding for competitive examinations.
Highly useful for PPSC, FPSC, NTS, OTS, KPPSC, and other testing services preparation.

All Topics  4423

Which scholar argues the following Plantations have no significant advantage over peasants [for] crops for which centralized processing and marketing are not necessary Cocoa and coconuts are typical examples of a lack of large scale economies Peasants can grow and process these crops in small lots with no large capital requirement beyond small indigenous tools and facilities ?
A Yujiro Hayami
B Raanan Weitz
C Hans Singer
D Tim Dyson
Correct Answer: Yujiro Hayami
Which of the following is not true about the specialized farm ?
A Such a farm is the most advanced
B Such a farm usually emphasizes
C Such a farm is labor intensive
D Such a farm uses advanced technology and takes advantage of economies of scale.
Correct Answer: Such a farm is labor intensive
Which of the following is not true about most farmers in LDCs ?
A The staple crop is the chief sources of food
B labor is underutilized except for planting and harvesting seasons
C On the traditional farm, output is always greater than consumption
D cultivators farm only as much land as their
Correct Answer: cultivators farm only as much land as their
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