What is the primary purpose of a buffer stock scheme?

Buffer Stocks Quiz

Quiz
•
Other
•
12th Grade
•
Easy
J Goodman
Used 1+ times
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42 questions
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1.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
To increase the supply of a commodity indefinitely
To stabilize the price of a commodity
To decrease the demand for a commodity
To permanently remove excess supply from the market
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does a buffer stock scheme operate?
By fixing the price of a commodity at a certain level
By only buying the commodity when there is a shortage
By buying excess supply of the commodity when the market is oversupplied and releasing it when supply falls short
By subsidizing the production of a commodity
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is the primary purpose of a buffer stock scheme?
To increase the price of a commodity
To stabilize the price and supply of a commodity
To decrease the supply of a commodity
To privatize the production of a commodity
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does a buffer stock scheme involve the creation of?
A deficit
A surplus
A stockpile or buffer stock
A monopoly
5.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
How does a buffer stock scheme operate?
By selling a commodity when there is a high demand
By buying a commodity when there is a low supply
By buying excess supply and releasing it when supply is low
By permanently storing excess supply
6.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Who can own and manage the buffer stock?
Only the government
Only a central agency
Only a group of producers or traders
The government, a central agency, or a group of producers or traders
7.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What does the label "D1" on the graph most likely represent in the context of a buffer stock scheme?
Demand at year 1
Demand after intervention
Initial demand before buffer stock
Supply curve
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