Development economics

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

Marshallian inefficiency is based on :

• Efficiency of fixed- rent contracts

• Inefficiency of share-cropping

• Appropriate provision of incentives

• None of the above

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

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

The discontinuous portion in the Aggregate Supply Curve of labor represents which form of unemployment ?

• Involuntary

• Voluntary

• Frictional

• Seasonal

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

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

Explain the importance of collaterals in agricultural credit markets ?

Define minimum piece rate ?

Write a short note on Grameen banks ?