Which of the following is not true about the specialized farm ?
Correct answer: C. Such a farm is labor intensive
- A. Such a farm is the most advanced
- B. Such a farm usually emphasizes
- C. Such a farm is labor intensive
- D. Such a farm uses advanced technology and takes advantage of economies of scale.
Explanation
Specialized farms generally use advanced technology, emphasize a limited range of products and exploit economies of scale, but they are usually capital intensive rather than labor intensive. Therefore the labor-intensive description is the false one.
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Pakistan's economy is examined through agriculture, industry, services, trade, remittances, employment, population, poverty and regional development. The topic also covers GDP and national income, inflation, fiscal and monetary policy, taxation, public debt, the balance of payments, energy constraints and structural challenges, including the role of the State Bank and development planning.
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