ECN 215 CBT PRACTICE

1. Linear programming in farm planning is used for:

2. Which of the following is a natural resource in agriculture?

3. Farm enterprises focused on diversification aim at:

4. Shadow prices represent:

5. Net farm income measures:

6. The "supply curve" in agricultural economics typically slopes:

7. Which of these factors is crucial for agricultural development?

8. The goal of agricultural economics often focuses on:

9. The relationship between input and output in agricultural production is known as:

10. Economic optimum involves:

11. Break-even analysis highlights

12. Government intervention is vital:

13. Overhead costs in budgets include:

14. Elasticity of substitution reflects:

15. Which of the following is an example of a fixed cost in agriculture?

16. Which of the following is an example of an agricultural subsidy

17. Price elasticity of demand in agriculture is often:

18. Comparative budgeting assesses

19. Isocost lines are helpful for understanding:

20. Agricultural economics is primarily concerned with:

21. Copy - The law of diminishing returns in agriculture refers to:

22. The term "subsistence farming" refers to:

23. A whole farm plan involves

24. Gross margin analysis measures:

25. Which of the following is NOT a factor of production in agricultural economics

26. Marginal product measures:

27. The primary goal of agricultural economics is:

28. An isorevenue curve identifies:

29. The interaction of supply and demand primarily determines:

30. Market equilibrium in agricultural economics occurs when:

31. Planning in farm management ensures:

32. Sustainability in production primarily depends on:

33. Efficiency in resource use improves through:

34. Which type of market structure is most common in agriculture?

35. Profit maximization often involves

36. Diminishing returns arise from

37. An increase in the price of agricultural goods typically results in:

38. Profit maximization is achieved when:

39. Agricultural producers in subsistence economies prioritize

40. What does "opportunity cost" mean in agricultural economics?

41. Economists often emphasize balanced growth to ensure:

42. The role of government in agricultural economics often includes:

43. Which economic concept helps determine the best use of limited land resources?

44. The term "agribusiness" refers to:

45. Budgeting assists farm managers by:

46. The law of diminishing returns in agriculture refers to:

47. Farm risk management prioritizes

48. Predicting market preferences over time

49. Opportunity cost signifies:

50. Which branch of economics deals with the production, distribution, and consumption of agricultural goods?