Agricultural economics

A. International Trade
B. Speculation
C. International specialization
D. None

A. Steep slope
B. Downward slope
C. Positive slope
D. None

A. Trade surplus
B. Trade deficit
C. Trade off
D. None

A. Spillover
B. Speculation
C. Specializing
D. All

A. Allocative efficiency
B. Productive efficiency
C. Less than full use of resources
D. Unattainable levels of output

A. Theoretical
B. Positive
C. Normative
D. None

A. Opportunity cost
B. Real cost
C. Economic cost
D. None

A. The curve gets steeper as we move downward
B. The marginal benefit decreases as more of a good is consumed
C. In reflects the law of increasing opportunity cost
D. Resources are scarce

A. Positive economics
B. Normative economics
C. Theoretical economics
D. factual economics

A. Macroeconomic
B. Micro economic
C. Positive economic
D. Normative economic