Economics Mcqs – MCQs

4553 questions. Click to practice.

Correct options are highlighted when revealed.

1.According to Nic Maunder, an expert on Ethiopia, which of the following is NOT a factor contributing to food insecurity?

2.Which company is not considered one of the leading global food chain clusters headquartered in the United States?

3.Which statement accurately describes rural and agricultural development?

4.Which of the following is not an outcome of the expansion of commercial agriculture?

5.In much of Latin America, the land distribution is marked by ______ large estates owned by a few individuals and ______ small, impoverished plots that seldom offer sufficient employment for a family. What terms correctly describe these types of landholdings?

6.Which combination below represents examples of urban bias?

7.According to Amartya K. Sen, what primarily determines whether individuals have sufficient food?

8.Which pair of colonial policies has most significantly contributed to the persistent underdevelopment of agriculture in Africa today?

9.Which index integrates indicators such as calorie availability relative to needs, per capita daily energy supply growth, food production of staples, self-sufficiency, and fluctuations in food production and consumption?

10.Which of the following does not significantly contribute to increasing agricultural labor productivity in less developed countries (LDCs)?

11.Which researcher claims that plantations do not offer a significant advantage over small farmers for crops that do not require centralized processing and marketing, such as cocoa and coconuts, since these crops can be cultivated and processed in small quantities without the need for substantial capital investment beyond basic local tools?

12.Which statement is incorrect regarding a specialized farm?

13.Which statement is incorrect regarding the majority of farmers in less developed countries (LDCs)?

14.Based on the factor price equalization theorem, which type of production factor is expected to resist free trade policies within a country?

15.When the comparative advantage model is modified to factor in transportation expenses along with production costs, what outcome should we anticipate?

16.What do proponents of industrial policy argue the government should do?

17.What does the Heckscher-Ohlin model suggest about the distribution of benefits from international trade?

18.What was the outcome of Wassily Leontief's empirical investigation into comparative advantage?

19.According to the Heckscher-Ohlin model, which factors are considered the same across different countries?

20.According to the Heckscher-Ohlin theory, which of the following statements is true?