In low-income countries the average agricultural family produces a surplus ?

Related Mcqs:

1. The World Bank’s GNP per capita classification for low income middle income and high income countries respectively is ?

   A. less than $900, $900-$9000 and more than $9000 B. less than $5000, $5000-$15000 and more than $15000 C. less than $100, $100-$1000 and more than $1000 D. less than $5000, $5000-$150000 and more than $150000...

2. A tax for which high income taxpayers pay a smaller fraction of their income than do low income taxpayers is known as ?

   A. a proportional tax B. a regressive tax C. an equitable tax D. a progressive tax...

3. Which of the following are low income countries income country ?

   A. Canada B. United States C. Mexico D. Australia...

4. Compared to what occurred under free trade, Mexico’s producer surplus ____ and consumer surplus ____ as a result of the subsidy Use the figure that you have plotted to calculate the amounts ?

   A. decreases, decreases B. decreases, increases C. increases, decreases D. increases, increases...

5. To reduce imports, suppose that the government of Norway’s imposes a quota equal to 800 computers, Compared to what occurred under free trade, Norway’s consumers surplus will ________ and its producer surplus will _______ Can you calculate these amounts? Try plotting the information of this table on a sheet of graph paper ?

   A. increase, increase B. increase, decrease C. decrease, increase D. decrease, decrease...

6. With free trade suppose that the rest of the world can supply computers to Norway at a price of $1,500 Norway’s imports will now equal. Compared to What occurred in the absence of trade, Norway’s consumers surplus will _____ and its producer surplus will ____. Can you calculate these amounts? Try plotting the information of this table on a sheet of graph paper ?

   A. 1,600 computers, decrease, increase B. 1,600 computers, increase, decrease C. 1,200 computers, decrease, increase D. 1,200 computers, increase, decrease...

7. With free trade, suppose that the rest of the world can supply calculators to Canada at a price of $30. Canada’s imports would now equal _____ and its consumer surplus would ____ relative to what occurred in the absence of trade. What is the change in consumer surplus? Refer to the figure that you have plotted ?

   A. 20 calculators increase B. 25 calculators decrease C. 25 calculators increase D. 30 calculators increase...

8. Under the Common Agricultural Policy exports of any surplus quantities EU produce are encouraged through the usage of ?

   A. variable levies B. export subsidies C. trigger prices D. countertrade...

9. Low agricultural productivity in developing countries is mainly caused by ?

   A. shortages of inputs including land B. an over-investment in farm equipment C. migration from rural areas to urban areas D. a lack of effective demand for food products...

10. Imagine there is no tax on income up to Rs 1000 after that there is a tax of 505 what is the average tax rate on an income of Rs 20,000 ?

    A. Rs 50000 B. 20% C. 25% D. Rs 10000...