Agricultural prices tend to be unstable because ?

Related Mcqs:

1. Technological improvements in agriculture that shift the supply of agricultural commodities to the right tend to ?

   A. increase total revenue to farmers as a whole because the demand for food is elastic
   B. increase total revenue to farmers as whole because the demand for food is inelastic
   C. reduce total revenue to farmers as a whole because the demand for food is elastic
   D. reduce total revenue to farmers as a whole because the demand for food is inelastic

2. Which of the following strategies have developing countries not used to deal with the problem of unstable export markets ?

   A. multilateral contracts
   B. production and export controls
   C. buffer stock arrangements
   D. tariff-rates quotas

3. Investment is a unstable element of aggregate demand because it depends heavily on ?

   A. Government policy
   B. Expectations
   C. National income
   D. Historic trends

4. A number of relating prices of a group of commodities to their prices during an arbitrarily chosen based period is called ?

   A. Price index
   B. Price indexing
   C. Price fixing
   D. Price choosing

5. When supply exceeds demand, sellers must lower prices to stimulate sales, when demand exceeds supply, prices increase as buyers compete to buy goods. What this theory is called in economics?

   A. Cost push theory
   B. Supply and Demand theory
   C. Fundamental theory
   D. Ricardo’s theory

6. In certain industries Japanese employers hesitate to lay off workers Therefore they sometimes have excess supplies of goods that they cannot sell on the home market without lowering prices. To hold down losses they sell goods in overseas markets at prices well beneath those in japan This practice is best referred to as ?

   A. Orderly marketing
   B. trigger pricing
   C. domestic content pricing
   D. dumping

7. Real GDP is measured in __________ prices while nominal GDP is measured in _________ prices?

   A. foreign; domestic
   B. current year; base year
   C. domestic; foreign
   D. base year; current year
   E. intermediate; final

8. If input price prices adjusted very rapidly to output prices as classical economists argue the Philips curve would be ?

   A. Vertical or nearly vertical
   B. upward sloping
   C. downward sloping
   D. horizontal or nearly horizontal

9. When supply increase in an agricultural market farmer’s earning might fall because ?

   A. Supply is price elastic
   B. Demand is price inelastic
   C. The government buys up all the excess production
   D. All output must be sold at a maximum price

10. The Common Agricultural Policy of the European Union has ?

    A. increase American farm exports to the EU
    B. decrease American farm exports to the EU
    C. lowered the price of American farm exports to the EU
    D. not affected the price of American farm exports to the EU