Which of the Following Does Not Contribute to Low Farm

question 97

Multiple Choice

Which of the following does not contribute to low farm productivity in poor nations?

• A)Laziness.
• B)Inferior technology.
• C)Lack of machinery.
• D)Limited infrastructure.

Grasp the importance of information in market functioning.

Distinguish between social goods and their collective benefits.

Understand the concept of capital in the economic context, including its types (tangible, intangible, human, and social capital).

Comprehend the difference between capital stock and capital flow.

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Definitions:

Spending Multiplier

The ratio of a change in aggregate income to the initial change in spending that brought it about, illustrating the larger impact on income.

Government Purchases

Expenditures made by the public sector on goods and services, including infrastructure and public safety.

Net Taxes

The total amount of taxes collected by the government minus any transfer payments and subsidies.

GDP

Gross Domestic Product, a measure of the economic performance of a country, evaluating the total value of all goods and services produced over a specific time period.