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
What is one of the major negative factors that affect the marketing of any agricultural commodity?
2 / 50
Breaking of bulk commodity is one of the functions of --
3 / 50
- is the stage of production curve where the marginal product less and average product increases
4 / 50
In law of demand, the quantity demanded of a commodity increases as the price does what?
5 / 50
What measures the amount of total output increase as input increases?
6 / 50
What agency was established by Nigerian government to ensure that more land and smallholder hectares are intensified?
7 / 50
What type of demand occurs if the change in demand of a commodity is 10% when the price change is 10%?
8 / 50
The process of creating goods and services for the satisfaction of human wants is known as what?
9 / 50
Cost of raw materials and wages of labour are examples of
10 / 50
Which of the following may not be a factor that determines the elasticity of demand?
11 / 50
describes the rate at which inputs are transformed into outputs
12 / 50
What type of function facilitates the smooth performance of exchange and physical function?
13 / 50
What is the elasticity measurement if the changes in both quantity and the factors of interest at large?
14 / 50
Agricultural production function is used to in determining enterprise combination. “True” or “False”
15 / 50
A condition where there is no substitute of commodity is known as --
16 / 50
When is the coefficient of income elasticity of demand positive?
17 / 50
What is used to ration goods among prospective buyer in the market?
18 / 50
What product requirement enhances easy transportation of a commodity from one place to another?
19 / 50
-- is the rate at which inputs substitute for each other to maintain a constant output
20 / 50
What do you arrange in order of priority and importance to satisfy wants?
21 / 50
What is the acronym for NAFPP?
22 / 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?
23 / 50
23. Another name for agarian is
24 / 50
The type of agricultural production function that are derived from experiments in crop and livestock is known as
25 / 50
The process whereby the self – interest of buyers and sellers stimulate the needs of people is known as what?
26 / 50
- are conditions that are present in markets where buyers and sellers interact to establish prices and exchange goods and services
27 / 50
Seasonality and perishability are examples of --
28 / 50
s used to determine the stage of overall production process
29 / 50
What are boundaries for the stages of production function in the factor – factor relationship?
30 / 50
Inputs that are substituted at constant rate are called
31 / 50
are referred to as consumer goods or final products
32 / 50
Farmers operate small and fragmented land holdings due to - system
33 / 50
Power failure and insufficient storage facilities are factors that affect -- of agricultural products
34 / 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?
35 / 50
What is a measure of the sensitivity of demand to changes in income called?
36 / 50
The line showing all the different combinations of factor inputs that a firm can purchase, given the total cost outlay of the firm and input price is known as what?
37 / 50
What clears the amount of commodity supplied and demanded in given market?
38 / 50
What type of demand occurs if the change in demand of a commodity is 10% when the price change is 20%?
39 / 50
A situation where there are just two sellers in an oligopoly market is referred to as
40 / 50
The final products derived from consumer goods are referred to as what?
41 / 50
Stages I and II of the production function are uneconomical for production. “True” or “False”
42 / 50
What relationship occurs when the price and quantities demanded of a commodity in a given market?
43 / 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
44 / 50
Which of these combinations of goods is referred to as complementary
45 / 50
Returns to scale and marginal returns are parameters of
46 / 50
What type of function that accomplishes marketing process?
47 / 50
What is concerned with planning, implementation and control of the farm business?
48 / 50
What aspect of social science that aid in the process of producing, exchanging and Consuming of goods and services?
49 / 50
When at a given time an unlimited quantity of product is demanded?
50 / 50
What is the ratio of the percentage change in the quantity supplied to the percentage change in its price referred to?
Restart quiz
Rate this quiz
