
Development economics
Quiz
•
Social Studies
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University
•
Practice Problem
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Easy
Artika Vats
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12 questions
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1.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
What is the principle reason for market failure of the market for animal power ?
Dearth of capital
Time bound use of animal power
Low availability of healthy animals
All the above
2.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Marshallian inefficiency is based on :
Efficiency of fixed- rent contracts
Inefficiency of share-cropping
Appropriate provision of incentives
None of the above
3.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which of the following statements is TRUE ?
Share-cropping increases the return to risk averse tenants in good harvest
Share-cropping increases the return to risk averse tenants in bad harvest
Fixed rent increases the return to landlord in bad harvest
All the above
4.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Which is the demerit of classical's description of labour market ?
Distinction between labour power and labourer
State of rest or stationarity at the equilibrium level
Prevalence of two wage rates : W(H) & W(L)
All the above
5.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
The discontinuous portion in the Aggregate Supply Curve of labor represents which form of unemployment ?
Involuntary
Voluntary
Frictional
Seasonal
6.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
In the model of nutritional status, what are the factors affecting energy intake of an individual ?
Resting metabolism
Energy expended on physical work
Energy released from the body
All the above
7.
MULTIPLE CHOICE QUESTION
1 min • 1 pt
Why is it that the informal lenders have an edge over the formal lenders in the agricultural credit market ?
Informational constraint
Inter-linked contracts
Rationing
All the above
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