ATTENTION:
Kindly note that you will be presented with 50 questions randomized from the NOUN question bank. Make sure to take the quiz multiple times so you can get familiar with the questions and answers, as new questions are randomized in each attempt.
Good luck!
AEM251
1 / 50
Fertilizers, agrochemicals, and seeds used in farming activities is referred to as
2 / 50
A technical relationship between inputs and output is known as
3 / 50
The plotting of the price of a commodity on the vertical axis against the quantities supplied on the horizontal axis is known as what?
4 / 50
What is referred to as a process for distribution of goods to marketers?
5 / 50
5. Another name for agarian is
6 / 50
is the process whereby supply will not increase at all and however much prices of a commodity rises
7 / 50
What occurs in cross elasticity of demand if two commodities are substitute?
8 / 50
The stage where marginal product is less than zero and negative is
9 / 50
The final products derived from consumer goods are referred to as what?
10 / 50
What is a signal to producers to expand or contract their rate of product?
11 / 50
When is the coefficient of income elasticity of demand positive?
12 / 50
Which of the following may not be a factor that determines the elasticity of demand?
13 / 50
Returns to scale and marginal returns are parameters of
14 / 50
Inputs that are substituted at constant rate are called
15 / 50
What is the major panacea for the management of economic problem?
16 / 50
Agricultural production function is used to in determining enterprise combination. “True” or “False”
17 / 50
serves as a lubricant in enabling distribution to work smoothly and preventing the development of bottlenecks
18 / 50
What type of demand occurs if a change in demand of a commodity is 20% when the price change is 10%?
19 / 50
What do you call a measure of the degree to which quantity demanded would respond to any single variable with respect to that variable?
20 / 50
All these are factors influencing the supply of a commodity except;
21 / 50
is the function that organize and directs all business activities involved in assessing and committing consumer purchasing power into effective demand for a specific product from final consumers in order to make profit
22 / 50
What is a measure of the sensitivity of demand to changes in income called?
23 / 50
What is the ratio of the percentage change in the quantity supplied to the percentage change in its price referred to?
24 / 50
What type of demand occurs if the change in demand of a commodity is 10% when the price change is 20%?
25 / 50
Non – homogenous commodity and preferential treatment is an example of -
26 / 50
The activities involved in the transfer of goods are referred to as Function
27 / 50
Which production function focuses on substitution of inputs to achieve a constant level of output?
28 / 50
Power failure and insufficient storage facilities are factors that affect -- of agricultural products
29 / 50
The concept of supply that is very important in economic analysis is referred to as
30 / 50
All these are concept of economics except;
31 / 50
function is very simple, easy to work with and commonly taught for academic exercise in agricultural production function
32 / 50
What measures the amount of total output increase as input increases?
33 / 50
Through what process does the stage of overall production process is achieved?
34 / 50
Which of these shows the different combinations of input which can be used to produce a specific quantity of output?
35 / 50
s used to determine the stage of overall production process
36 / 50
What product requirement enhances easy transportation of a commodity from one place to another?
37 / 50
-- is the rate at which inputs substitute for each other to maintain a constant output
38 / 50
What type of function facilitates the smooth performance of exchange and physical function?
39 / 50
- was established by government to construct dams and bore holes in rural communities of the country
40 / 50
What is the acronym for NAFPP?
41 / 50
What do you arrange in order of priority and importance to satisfy wants?
42 / 50
are referred to as producer goods or intermediate products
43 / 50
Inputs are classified as substitutes and --
44 / 50
What is one of the major negative factors that affect the marketing of any agricultural commodity?
45 / 50
Financing, production and distribution of a given commodity is a form of ..
46 / 50
Which of these describe the technologically efficient methods of combining inputs to produce output?
47 / 50
- was established by government and mandated to disseminate improved agricultural practices to farmers in the country
48 / 50
What concept in supply that is very important in economic analysis?
49 / 50
What relationship occurs when the price and quantities demanded of a commodity in a given market?
50 / 50
Breaking of bulk commodity is one of the functions of --
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