#1
In agriculture, what does the term 'crop rotation' refer to?
The practice of rotating crops in the same field over different seasons
ExplanationCrop rotation helps maintain soil fertility and reduces pest infestation.
#2
Which economic system emphasizes individual ownership of resources and minimal government intervention?
Capitalism
ExplanationCapitalism fosters private ownership and free market dynamics with limited government interference.
#3
Which type of agriculture involves the cultivation of crops and the raising of livestock on the same farm?
Mixed farming
ExplanationMixed farming integrates crop cultivation and livestock raising within one operation.
#4
Which economic system is based on the idea of the invisible hand guiding economic activities?
Capitalism
ExplanationCapitalism relies on market forces, guided by the 'invisible hand,' to regulate economic activities.
#5
What is the primary characteristic of a traditional economy?
Reliance on customs and traditions to make economic decisions
ExplanationTraditional economies rely on customs and traditions to dictate economic choices.
#6
Which economic system relies on government ownership and control of key industries?
Communism
ExplanationCommunism emphasizes centralized control over resources.
#7
What is the main goal of a traditional economy?
Meeting the needs of the community through customs and traditions
ExplanationTraditional economies prioritize community needs and follow established customs.
#8
What is the primary focus of a subsistence agricultural system?
Meeting the basic needs of the farmer's family and community
ExplanationSubsistence agriculture is geared towards sustaining local communities.
#9
In terms of economic systems, what does GDP stand for?
Gross Domestic Product
ExplanationGDP measures the total value of goods and services produced within a country.
#10
What is the primary motivation for farmers in a market-oriented agricultural system?
Profit and market demand
ExplanationMarket-oriented agriculture prioritizes profit and responds to consumer demand.
#11
Which country is known for implementing the 'collectivization' of agriculture during the 20th century?
Soviet Union (Russia)
ExplanationSoviet Union under Stalin implemented collectivization to consolidate farms.
#12
Which factor is NOT a characteristic of a command economy?
Private ownership of resources
ExplanationCommand economies feature centralized control and collective ownership of resources.
#13
What is the purpose of the Green Revolution in agriculture?
To increase agricultural productivity through technology and high-yielding varieties
ExplanationThe Green Revolution aimed to boost food production using modern agricultural techniques.
#14
Which economic system is based on the principle of 'from each according to his ability, to each according to his needs'?
Communism
ExplanationCommunism advocates for equal distribution of resources based on need.
#15
In the context of economic systems, what is a 'command economy'?
An economy where the government controls and plans all economic activities
ExplanationCommand economies feature central planning and government control over economic activities.