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CBT TEST

ECN 215 CBT PRACTICE

Take your time to read instructions before taking this test.

 

There are 40 questions which you are to answer in 15 minutes that gives you roughly 30 seconds per question.

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If you can get at least 60%, you can be rest assured that you’ll ace ECN 215 exam

 

PS

 

In a normal exam you will be asked between 40 – 60 questions but I only arranged 40 questions

 

Note

 

Do not be in a hurry to answer the questions

Do not waste time on a question you don’t know

Move as fast as possible and starting with questions that don’t have calculation first to save time

Always crosscheck

Don’t be in a hurry to submit, you are not in a competition

Don’t be scared. Getting an A is easy

Don’t be over confident, you can end up a D, E or F. Calm your blood, no be only you sabi book

 

Please do well to use our comment box incase there’s a message you want to pass to us

 

70 – 100 A

 

60 – 69 B

 

50 – 59 C

 

45 – 49 D

 

40 – 44 E

 

0 – 39 F

 

I wish you success

 

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ECN 215

1 / 50

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

2 / 50

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

3 / 50

3. Profit maximization is achieved when:

4 / 50

4. Agricultural producers in subsistence economies prioritize

5 / 50

5. Opportunity cost signifies:

6 / 50

6. The primary goal of agricultural economics is:

7 / 50

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

8 / 50

8. Linear programming in farm planning is used for:

9 / 50

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

10 / 50

10. Market equilibrium in agricultural economics occurs when:

11 / 50

11. Government intervention is vital:

12 / 50

12. Farm enterprises focused on diversification aim at:

13 / 50

13. The goal of agricultural economics often focuses on:

14 / 50

14. The interaction of supply and demand primarily determines:

15 / 50

15. Shadow prices represent:

16 / 50

16. Gross margin analysis measures:

17 / 50

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

18 / 50

18. Economists often emphasize balanced growth to ensure:

19 / 50

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

20 / 50

20. Agricultural economics is primarily concerned with:

21 / 50

21. Efficiency in resource use improves through:

22 / 50

22. Budgeting assists farm managers by:

23 / 50

23. Overhead costs in budgets include:

24 / 50

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

25 / 50

25. Break-even analysis highlights

26 / 50

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

27 / 50

27. Elasticity of substitution reflects:

28 / 50

28. Sustainability in production primarily depends on:

29 / 50

29. A whole farm plan involves

30 / 50

30. Isocost lines are helpful for understanding:

31 / 50

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

32 / 50

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

33 / 50

33. An isorevenue curve identifies:

34 / 50

34. The term "subsistence farming" refers to:

35 / 50

35. The term "agribusiness" refers to:

36 / 50

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

37 / 50

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

38 / 50

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

39 / 50

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

40 / 50

40. Profit maximization often involves

41 / 50

41. Predicting market preferences over time

42 / 50

42. Net farm income measures:

43 / 50

43. Comparative budgeting assesses

44 / 50

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

45 / 50

45. Diminishing returns arise from

46 / 50

46. Farm risk management prioritizes

47 / 50

47. Economic optimum involves:

48 / 50

48. Price elasticity of demand in agriculture is often:

49 / 50

49. Marginal product measures:

50 / 50

50. Planning in farm management ensures:

Your score is

The average score is 59%

0%

Phil

Phil aka Undergragra is a Computer Engineering Graduate at the Federal University Oye-Ekiti. He is a lover of God, a passionate teacher, writer and an educational consultant.

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