Agricultural Economics - Study Mode
[#146] If two factors are perfect substitutes, isoquants will be
Correct Answer
(A) A straight line
[#147] 'Giffen' goods refer to
Correct Answer
(C) Inferior goods
[#148] Consider the following steps 1. Identification of problems in the existing farm plan 2. Assessment of resources of the farm 3. Preparation of alternative farm plan 4. Analysis of the existing farm plan The correct sequence of these steps in farm planning would be
Correct Answer
(A) 2, 4, 1, 3
[#149] HDI uses the scale of
Correct Answer
(B) 0 to 1
[#150] Law of substitution is given by
Correct Answer
(A) Marshall