The agro based industry is ?

Related Mcqs:

1. Suppose an industry emits a negative externality such a pollution and the possible methods to internalize the externality are command-and-control policies, pigovian taxes, and tradable pollution permits. If economists were to rank these methods for internalizing a negative externality based on efficiency ease of implementation and the incentive for the industry to further reduce pollution in the future, they would probably rank them in the following order (from most favored to least favored) ?

   A. Pigouvian taxes, command-and-control policies, tradable pollution permits.
   B. tradable pollution permits, Pigouvian taxes, command-and-control policies
   C. tradable pollution permits command-and-control policies, Pigovian taxes.
   D. command-and-control policies, tradable pollution permits, Pigovian taxes.
   E. They would all rank equally high because the same result can be obtained from any one of the policies

2. A firm in perfectly competitive industry is producing 50 units, its profit-maximising quantity. Industry price is £2 and total fixed costs and total variable cost are £25 and £40 respectively. The firm’s economic profit is ?

   A. £35
   B. £15
   C. £30
   D. £60

3. Which of the following is Cottage Industry ?

   A. Cement
   B. Sugar
   C. Handicraft
   D. Textile

4. The biggest Industry of Pakistan is ?

   A. cement
   B. Sugar
   C. Textile
   D. Paper

5. Industry is the second largest sector of the economy. How much of GDP it accounts for ?

   A. 16.5%
   B. 18.2%
   C. 19.7%
   D. 20.5%

6. Percentage of total industry sales that a particular company controls is called ?

   A. Lion’s share
   B. Market share
   C. Net share
   D. Holding share

7. An industry that realizes such large economies of scale in producing its product that single-firm production of that good or service is most efficient is called ?

   A. a fixed cost monopoly
   B. a natural monopoly
   C. a government franchise monopoly
   D. a economies of scale monopoly

8. The government increase the minimum wage. The National Association of Fast Food Restaurants hires you to determine the impact that this higher minimum wage will have on it industry. This is an example of ?

   A. industry equilibrium analysis
   B. specific equilibrium analysis
   C. partial equilibrium analysis
   D. general equilibrium analysis

9. A case when internal economies of scale bring about a continuously falling average cost curve that makes having more than one firm in an industry inefficient is illustrative of ?

   A. a natural monopoly
   B. an LDC’s limit of one firm to an industry
   C. an individual firm facing a horizontal (perfectly elastic) demand curve in LDCs
   D. The existence of oligopoly

10. A person who is made redundant because of the contraction of an industry is a victim of ?

    A. frictional unemployment
    B. demand-deficient unemployment
    C. classical unemployment
    D. structural unemployment