This quiz works best with JavaScript enabled. Home > Economics > Agricultural Economics > Agricultural Economics – Quiz 1 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Agricultural Economics Quiz 1 (20 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. Sektor perikanan di Indonesia memiliki potensi sangat besar karena ..... A) Teknologi yang dipakai nelayan sudah maju. B) Memiliki perairan dengan ombak yang besar. C) Wilayah perairan indonesia yang sangat luas. D) Memiliki keanekaragaman hayati laut yang melimpah. Show Answer Correct Answer: D) Memiliki keanekaragaman hayati laut yang melimpah. 2. There are many different reasons behind farm subsidies. Without farms there would be little food and life would be much more difficult. Which are true statements? A) Both answers are correct. B) It is critical to insure that there are farms to provide food for the nation. C) It becomes necessary to help ensure that those farmers are able to earn a living. D) None of above. Show Answer Correct Answer: A) Both answers are correct. 3. Farm Policy programs main elements are designed to support: A) Both answers are correct. B) Support prices when farmers sell their crops. C) Support income to farmers. D) None of above. Show Answer Correct Answer: A) Both answers are correct. 4. The invention of farm machinery led to the ..... revolution. A) Industrial. B) Plantation. C) Agricultural. D) Green. Show Answer Correct Answer: C) Agricultural. 5. Price floors can result in both positive and negative outcomes. A) All answers are correct. B) Result will be a product surplus. C) Since the consumers are not willing to buy the quantity produced at the price floor, the government will end up buying the surplus to maintain the price. D) Price floors create benefits to the farmers at the expense of the consumers as they must pay higher prices and consume less. Show Answer Correct Answer: A) All answers are correct. 6. Forestry, lumbering, agriculture, hunting and fishing all are ..... economic activities. A) Secondary. B) Primary. C) Tertiary. D) Quaternary. Show Answer Correct Answer: B) Primary. 7. Farmers have been given subsidies since: A) 1930s. B) 1850. C) 2020. D) 1999. Show Answer Correct Answer: A) 1930s. 8. Agriculture also includes farm commodities (ex:raw materials that can be sold like copper). Agriculture also includes what: A) Raw materials like coffee. B) All are correct. C) Food products that are sold through restaurants or grocery stores. D) None of above. Show Answer Correct Answer: B) All are correct. 9. Imports are products ..... A) Imported from another country to the US. B) All are correct. C) Ex:Honda van imported from Japan. D) Ex:Coffee beans imported from Brazil. Show Answer Correct Answer: B) All are correct. 10. While agriculture remains a ..... industry, it is a ..... industry, especially in the realm of the smaller operations. A) Non profitable, declining. B) Profitable, declining. C) Profitable, increasing. D) None of above. Show Answer Correct Answer: B) Profitable, declining. 11. The demand and supply changes over time in ag industry have ..... A) All are correct. B) Increased the minimum efficient scale in agriculture and reduced crop prices (now tractors instead of horse and mule). C) Some producers have become more efficient; firms that are too small to take advantage of economies of scale get priced out of the market and their financial losses have resulted in a mass exodus of workers from the industry to other sectors of the economy. D) Large corporate firms, collectively called agribusiness, have emerged in some areas of farming. Show Answer Correct Answer: A) All are correct. 12. The undiscounted measure for choosing among the alternative projects A) Payback Period. B) NPV. C) B:C Ratio. D) IRR. Show Answer Correct Answer: A) Payback Period. 13. Nomadic herding and livestock ranching are different in the sense that A) One is nomadic and the other is sedentary. B) One is small scale the other is large scale. C) One is environment friendly the other is not. D) One happens only in Mediterranean. Show Answer Correct Answer: A) One is nomadic and the other is sedentary. 14. Perhatikan pernyataan berikut!1) Penggunaan teknologi sudah modern2) Alih fungsi lahan menjadi lahan non pertanian3) Ketersediaan benih yang melimpah dan bermutu4) Tidak dipengaruhi musim5) Modal terbatas6) Pasar hasil pertanian sebagian besar dikuasai oleh pedagang-pedagang besarDari pernyataan di atas yang merupakan hambatan pengembangan agrikutur di Indonesia adalah ..... A) 1, 2, 5. B) 2, 5, 6. C) 3, 4, 6. D) 4, 5, 6. Show Answer Correct Answer: B) 2, 5, 6. 15. The Food, Conservation, and Energy Act in ..... , provided cash subsidies such as direct payments to farmers based on their historical production patterns and CCPs which were payments made to fill the gap between the target price of the farm product and the actual market price of the current year. It also provided marketing loans for when the crop prices fell below a certain price; the loan could be paid for with the crop with no additional payment necessary. A) 2008. B) 1908. C) 1778. D) None of above. Show Answer Correct Answer: A) 2008. 16. Why do some farms still profitable? A) True. B) Farm subsidies (money given to farms from government). C) On average, only about 16 percent of the farm income is from farming activities. D) Members of farm households increasingly hold jobs outside the farm (especially in winter when there is no farming being done). Show Answer Correct Answer: A) True. 17. Agriculture is an extremely diverse industry because it includes: A) All are correct. B) Pig farms. C) Cattle ranches. D) Vegetable plots and grain farms. Show Answer Correct Answer: A) All are correct. 18. What is subsistence farming? A) Farm is based in one location. B) Crops are grown to be sold in the market. C) Farmers grows crops to feed his family only. D) Only cattle are raised on the farm. Show Answer Correct Answer: C) Farmers grows crops to feed his family only. 19. The Freedom to Farm Act of ..... ended price supports and acreage allotments for many farm products. A) 1996. B) 1906. C) 1706. D) None of above. Show Answer Correct Answer: A) 1996. 20. Perhatikan pernyataan dibawah ini . Manakah yang termasuk potensi ekonomi Maritim Indonesia dalam segi Pariwisata?a) Budidaya Lobster, b) Industri galangan kapalc) Wakatobi, Bunakend) Pembangkit listrik tenaga arus laut A) A). B) B). C) C). D) D). Show Answer Correct Answer: C) C). Next →Related QuizzesEconomics QuizzesAgricultural Economics Quiz 2 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books