Understanding Marketable Surplus Concept

Choose a study mode

Play Quiz
Study Flashcards
Spaced Repetition
Chat to Lesson

Podcast

Play an AI-generated podcast conversation about this lesson
Download our mobile app to listen on the go
Get App

Questions and Answers

What is the marketable surplus?

  • The quantity of produce stored for future consumption
  • The total quantity of produce grown by the farmers
  • The quantity of produce sold in the market
  • The quantity of produce available to the non-farm population after meeting the farmer's needs and obligations (correct)

What are included in a farmer's marketable surplus calculation?

  • Only family consumption and farm needs
  • Payments to labor and artisans, rent, and social/religious payments
  • Only payments to labor and artisans
  • Family consumption, farm needs, payments to labor and artisans, rent, and social/religious payments (correct)

What does the marketable surplus equation MS = P - C represent?

  • The marketable surplus as a sum of produce and consumption needs
  • The total market value of the surplus produce
  • The marketable surplus as a difference between produce and consumption needs (correct)
  • The total amount of produce available for sale

Flashcards are hidden until you start studying

More Like This

Cash Crops Quiz
16 questions

Cash Crops Quiz

GallantPrehistoricArt avatar
GallantPrehistoricArt
Use Quizgecko on...
Browser
Browser