What are the implications for a successful agricultural development strategy of the finding that women perform 60 to 90% of all work in the traditional rural areas?
What will be an ideal response?
Agricultural extension programs and access to small scale credit must be focused on women.
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When marginal cost pricing occurs
A) price equals the additional cost society incurs in producing the next unit of an item. B) the firm can only break even if it does not set price to marginal cost. C) price equals average variable cost but exceeds average total cost. D) the firm is at the shutdown point.
When Firm A increased its production last year, its average total cost of production decreased. On the other hand, Firm B also increased its production last year, but its average total cost of production increased. Considering the given situation, which of the following statements is true of the two firms?
a. The size of the plant in Firm A is smaller than the size of the plant in Firm B. b. Firm A is operating with increasing returns to scale, while Firm B is operating with decreasing returns to scale. c. Firm A is operating with decreasing returns to scale, while Firm B is operating with increasing returns to scale. d. Firm A invests more on labor and cheaper variable costs, while Firm B invests more in expensive machinery.
Suppose the economy was in equilibrium, and the national government increased spending by an expected amount equal to $200 billion. Monetarist theory would predict that:
a. Aggregate demand will rise, causing only real GDP to rise. b. The real risk-free interest rate will rise, but real GDP will remain the same. c. Aggregate demand will fall, and real GDP will fall. d. Aggregate demand will rise causing only prices to rise. e. Aggregate demand will rise causing both prices and real GDP to rise.
Without government regulation, natural monopolies never earn zero profit in the long run.
Indicate whether the statement is true or false