This quiz works best with JavaScript enabled. Home > Finance > Economics > Agricultural Economics > Agricultural Economics – Quiz 2 🏠 Homepage 📘 Download PDF Books 📕 Premium PDF Books Agricultural Economics Quiz 2 (4 MCQs) Quiz Instructions Select an option to see the correct answer instantly. 1. 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. 2. 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. 3. 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. 4. 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 QuizzesFinance QuizzesAgricultural Economics Quiz 1 🏠 Back to Homepage 📘 Download PDF Books 📕 Premium PDF Books