This quiz works best with JavaScript enabled. Home > Economics > Agricultural Economics > Agricultural Economics – Quiz 2 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Agricultural Economics Quiz 2 (14 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. "Future value of present money" which means ..... A) Compounding. B) Discounting. C) Cost. D) Returns. Show Answer Correct Answer: A) Compounding. 2. Kekayaan laut merupakan potensi ekonomi yang mampu memberikan kontribusi bagi perekonomian nasional. Peran masyarakat untuk menjaga dan mengembangkan potensi tersebut dengan ..... A) Membiarkan kekayaan laut begitu saja agar lebih berkembang lagi. B) Memanfaatkan hasil laut secara massal dengan cara apapun. C) Menjaga kelestarian laut dan menikmati hasil dengan bijak. D) Mendukung peran asing dalam mengelola sumber daya laut. Show Answer Correct Answer: C) Menjaga kelestarian laut dan menikmati hasil dengan bijak. 3. In ..... farming the land is used for growing food and fodder crops and rearing the livestock. A) Mixed farming. B) Separate farming. C) Plantation agriculture. D) Nomadic herding. Show Answer Correct Answer: A) Mixed farming. 4. There are some serious issues in the ag industry ..... A) One major cause of the instability is the ag industry is dependence on world markets to export to. B) All are correct. C) It suffers frequently from short-run price. D) It suffers frequently from income instability, which may prevent firms from entering the market. Show Answer Correct Answer: B) All are correct. 5. Kegiatan ekonomi yang mencakup transportasi laut, industri galangan kapal dan perawatannya, pembangunan dan pengoperasian pelabuhan beserta industri dan jasa terkait disebut ..... A) Marine economy. B) Ekonomi kelautan. C) Ekonomi agrikultur. D) Ekonomi maritim. Show Answer Correct Answer: D) Ekonomi maritim. 6. ..... type of farming produces rather small amount of produce from a large area of land. A) Extensive. B) Intensive. C) Pastoral. D) Subsistence. Show Answer Correct Answer: A) Extensive. 7. A surplus in farming could be growing too much corn that is not needed. What can be done to prevent this? A) All answers are correct. B) Restrict supply with acreage allotments (can only farm 40 acres). C) Use corn to make gasohol and biodiesel and ethanol. D) Will create higher food prices. Show Answer Correct Answer: A) All answers are correct. 8. Pastoral farming is A) Growing crops commercially. B) Raising cattle. C) Nomadic farming. D) Horticulture. Show Answer Correct Answer: B) Raising cattle. 9. Farms can be ..... A) Small. B) All are correct. C) Family-based farms. D) Large, multi-national conglomerates. Show Answer Correct Answer: B) All are correct. 10. What factors contribute to the decline in the agriculture industry? A) Supply of ag products has increased dramatically because of technological advances. B) Land that was once considered unsuitable for agriculture can now be farmed due to irrigation and other advances. C) Demand has increased much more slowly, especially in the United States. This is because demand is tied to population growth, which has not been rapid. D) All are correct statements. Show Answer Correct Answer: D) All are correct statements. 11. Parity concept ..... A) All answers are correct. B) In international exchange, parity refers to the exchange rate between the currencies of two countries making the purchasing power of both currencies substantially equal. C) Equality in price, rate of exchange, purchasing power, or wages. D) None of above. Show Answer Correct Answer: A) All answers are correct. 12. The technique to create farmland by burning or cutting the forest is called ..... A) Intensive farming. B) Lumbering. C) Subsistence farming. D) Slash and burn. Show Answer Correct Answer: D) Slash and burn. 13. What is "support price" for an agricultural commodity A) The minimum price at which Government is prepared to buy it. B) Money paid to agriculturist for cause damaging crops due drought. C) Subsidy paid by the government. D) All of the above. Show Answer Correct Answer: A) The minimum price at which Government is prepared to buy it. 14. Exports are products ..... A) US sells to other countries. B) All are correct. C) Ex:US selling airplanes to Germany. D) Ex:US selling corn to China. Show Answer Correct Answer: C) Ex:US selling airplanes to Germany. ← PreviousRelated QuizzesEconomics QuizzesAgricultural Economics Quiz 1 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books