8. Ambedkar's economic theories challenged the prevailing views of: a) Classical economists b) Neoclassical economists c) Keynesian economists d) Marxist economists 9. Ambedkar's ideas on land reform aimed to: a) Redistribute land to the landless b) Consolidate land holdings
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- Apart from the land award, what do you think are the benefits of Agrarian Reform to the Landless Farmers and the greater Agricultural Sector? Explain one benefit each. 1. Benefit to the farmer beneficiary. 2. Benefit to the agricultural sector.Under market prices and estimates of economic value, discuss how land and labour are valued1. What determines the economic rent for land? Explain from a supply and demand perspective. 2. How does the supply of land differ from the supply of most labor? How will the effect on price of an outward shift in demand for labor differ from the effect on price of an equivalent shift in the demand for land? 3. David Ricardo, a nineteenth century economist, wrote “The price of corn is not high because a rent is paid, but a rent is paid because the price of corn is high.” Explain this statement in the context of supply and demand.
- Does the government have implemented the Land Reform in the Philippines so that the landless would own land?1) Explain the Human Capital Approach. Give an example of its application. 2) Explain the Contigent Valuation. Give an example of its application.Which of the following is considered an economic factor ? Select one: a. leadership b. taxes c. dependability d. ethics 18
- When using a supply-and-demand model to illustrate how land rents are set, economists typically draw the supply curve as a vertical line because: a. The supply of land is fixed. b. The supply of land is perfectly inelastic. c. The quantity supplied of land does not increase when rents go up. d. All of the aboveMarginal Produt and Resources How would you determine the demand for a factor of production? What factors influence the supply and demand for labor? Examine how those factors impact market demand for labor. How do labor unions try to increase the demand for labor? What has made labor unions such an integral part of the workforce? What is the difference between the rates of return for a renewable and nonrenewable resource? How do the rates of return on capital and land differ between a renewable resource and nonrenewable resource? How does the growing demand for food, fuel, and export affect the market for land?All of the following, except one, are examples of the factor land. Which one is the exception? Minerals Natural harbours O Mortgages held on land Supplies of fresh water Fertile soll
- In which type of economy is there most likely to be an unequal distribution of wealth? A-Pure Market B-Pure Command C-Socialist D-TraditionalEconomics British American Tobacco (BAT) runs the largest private sector run afforestation program in Bangladesh. BAT Bangladesh initiated its afforestation program in 1980 when the forest department called on the private sector to support its endeavor to conserve the forests. BAT has contributed around 110 million saplings to the country’s afforestation initiative over the last 4 decades. As a large corporation BAT pays a significant amount of corporate tax to Bangladesh Government; recognized as one of the highest income tax paying companies in the country for the tax year 2019-20 in the last five years, the company has deposited more than Tk3,600 crore as Income Tax and Tk88,000 crore as VAT, to the National Exchequer. BAT enjoys the status of being one of the most high profile companies that are doing business in Bangladesh. a) Based on the above provide two reasons, with brief explanations, as to why BAT was involved in the afforestation program?4.1 A ________ provides money that does not need to be repaid. It is intended to promote renewable energy projects and is primarily available to commercial, industrial, utility, are educational institutions. a. Loan b. Incentive c. Grant d. Lease 4.2 In 1838 the photovoltaic industry was started when Alexandre Edmund Becquerel discovered ______. a. The Becquerel principle b. The photovoltaic effect c. Solar radiation d. Solar irradiance 4.3 A(n) _______ converts DC electricity to AC electricity. a. Converter b. Inventer c. Coupler d. Transformer 4.4 A ______ system collects solar radiation from the sun and converts it directly into DC (direct current) electricity. a. Solar thermal b. Solar architectural c. Photovoltaic d. Radiator