Agricultural Economics model exit exam practice questions

141
Created by Tadele Anagaw

Agricultural Economics model exit exam practice questions

Salale University

Department of Agricultural Economics

multiple choice practice questions

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1) When the firm experiences increasing marginal returns _______________________.

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2) Long run production function is a relationship between _____________.

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3) A movement along a demand curve can be caused by a change in ___________.

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4) Marginal cost and average cost are the same at the output level in which ______________.

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5) In a simple model of resource market, a household is_______

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Agricultural Economics Model Exit Exam 2024

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182
Created on By Tadele Anagaw

Agricultural Economics Model Exit Exam 2024

Salale University
College of Agriculture and Natural Resource
Department of Agricultural Economics

Model for Exit Exam

Time allowed: 2:30 hr.

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1) What is gross domestic product (GDP)?

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2) Which of the following is true about marginal extraction cost?

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3) Infant mortality means__________?

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4) Assume that a project is expected to have initial investment and life of Br. 350,000 and five years respectively. The annual cash flow estimated at 12 % discount rate is Br. 125,000 for each of the five years and the discount factor from the present value of annuity of table is equal to 3.605. What are the NPV?

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5) _________is a strategy used to set prices according to current prices in the market for the same or similar products or services.

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6) To say a give natural resource is essential;

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7) Which of the following is not an element of the marketing mix?

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8) _______ are buy farm products from wholesalers and other actors and sell them to the consumers in small quantities.

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9) Which one of the following is incorrect?

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10) What is the Gross National Product:

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11) Which of the following tests compares the residual sum of squares computed with and without the restrictions imposed?

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12) Which of the following is false about economic analysis of project

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13) _________are incurred when commodities move from the farm to the final market.

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14) V Company is considering a project that would require an investment of 48,000 birr. No other cash outflows would be involved. The present value of the cash inflows would be 52,800 birr. The present value index of the project is:

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15) Income inequalities are often shown on a

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16) ______ is the methodologies and tactics adopted by the companies to convey the messages in a unique and creative manner to their existing and prospective customers about their offerings of products and services.

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17) Asian tigers countries of East and Southeast Asia include the following except

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18) An underdeveloped economy is characterized by

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19) The zero conditional mean assumption shows that;

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20) If producers sell new and innovative, or improvised products or services at a high price for a short period of time and then the types of pricing strategy that the producer uses is _____________.

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21) Which of the following is correct about public goods in economic analysis project?

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22) Assume that the project requires 10,000 unskilled labours for which the project control board (project promoter) has decided to pay a Br. 10 daily wage rate. The shadow price of unskilled labour is Br. 6 per day. What is the cost of unskilled labour from Private and economic point of view?

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23) If rate of interest is greater than the increase in price per unit;

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24) The main differences between economic and financial analysis of a project lies on

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25) Balanced growth theories of advocates___________?

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26) Autarky refers to a country

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27) H Company is studying a project that would have an eight-year life and would require a 300,000 investment in equipment which has no salvage value. The project would provide net income of 112,500 for the life of the project; What is the payback period for this project?

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28) The World Trade Organization

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29) Which one of the following is incorrect about marketing cost?

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30) If the a company produces a new product and offering for sell at low price initially to gain customers’ attention. This types of pricing strategy is called___________

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31) The Harrod-Domar growth model suggests that growth is

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32) _________ is a strategy that focuses on customer preferences and requirements.

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33) ___________is below the income that secures the bare essentials of food, clothing, and shelter.

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34) The practical application of present value method includes one of the following except

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35) The Physical Quality of Life Index (PQLI) combines three indicators. They are

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36) Which of the following are not third-world regions?

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37) _________is the set of marketing tools the firm uses to pursue its marketing objectives in the target market.

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38) Which one of the following is different from the other?

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39) Which of the following are /is the cause of heteroskedastic problem?

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40) When the fitted linear regression is given by Yi= 8+0.82Xi, the value of 0.82 shows:

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41) The standard error test of the parameter estimates measure:

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42) The infant industry arguments refers to a tariff designed to

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43) Which of the following is example/s of fund pollutant?

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44) How can we measure the goodness of fit in binary regressand model?

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45) ____is the study of all activities, agencies, and policy involved in the procurement of farm inputs and the movement of agricultural product from the farms to the consumer.

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46) Factor proportions theory is also known as the

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47) _______refers to the difference between the price at which a good is purchased from another company and the price at which it is sold to the consumer.

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48) What is the principle behind time value of money?

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49) Non-tradable goods are goods that do not enter into the international trade because of their;

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50) A country has a balance of trade deficit if the value of its exports are ____ the value of its imports

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51) Economic development refers to

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52) Imports are defined as the goods and services that we

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53) Economic growth measures the

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54) U Company has several investment opportunities to evaluate, but does not have the funds to invest in all of them. Which calculation would be best to determine which project(s) to choose?

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55) Assume the regression of log(wage)=0.25+0.75education, then which of the following is true?

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56) Which of the following could be considered critical questions in development economics?

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57) If a nation imports a good that can be domestically produced, the market price of the good

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58) When Leontief tested the predictions of the Heckscher-Ohlin theory, he found that in 1947 the United States was exporting relatively labor-intensive goods and importing relatively capital-intensive goods. This was called the Leontief Paradox. This finding:

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59) International trade and specialization are determined by

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60) Which of the following is true about opportunity cost?

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61) Which of the following is different from the others?

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62) When countries trade according to each country’s respective comparative advantage

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63) What is hedonic price in environmental valuation?

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64) The Human Development Index (HDI) summarizes a great deal of social performance in a single composite index, combining

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65) _______is designed to estimate the linear relationships between variables when either left or right censoring in the dependent variable (the dependent variable is between 1 and 0).

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66) Suppose you have given the costs and benefits of project in the form of cash. If you want to check the project worthiness and made investment decision through discounted measures of project worth, so what you should be done?

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67) Which of the following is true about Environmental economics?

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68) _______ is the difference between the price paid by the consumer and price received by the farmer.

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69) How can we know the presence of heteroscedastic problem?

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70) ________ is a pricing strategy that utilizes competitor prices as a benchmark, rather than setting a price based on company costs or customer value.

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71) As it relates to international trade, dumping

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72) Suppose the project requires indigenous power equipment costing Br. 900,000 (estimated by project promoter). The power equipment produced indigenously is a tradable item whose FOB value is $100,000. The shadow price per dollar is Br. 9.5, though the official price is Br. 8.925. What is the cost of power equipment from private and economic point of view?

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73) With international trade, a country

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74) The impact of the project on international trade is reflected through

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75) _________ occurs when one observation’s error term (εi) is correlated with another observation’s error term (εj):

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76) ____is the process of determining the needs and wants of consumers & being able to satisfy those needs & wants profitability

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77) Present values are better than the same values in the future. Thus, which method can be used to include the time dimension in a given project evaluation

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78) ______ describes the direction and volume of goods flow from producers to consumers.

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79) Which of the following countries is not a low-income country?

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80) Market does not naturally lead to the optimal allocation of pollution emission. Because;

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81) According to Rostow’s economic stages, which of the following does not belong to the “precondition for take off”:

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82) If there is high collinearity problem between variables;

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83) The biological maximum of fish population is occurred at;

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84) If a firm has a number of proposals which all have a positive NPV and IRR that exceeds the cost of capital, but can’t undertake these entire projects because of limited availability of fund. So what the firm should perform in order to rank these projects?

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85) Which of the following characteristics are most likely found in developing countries?

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86) Which of the following factors are led to the growth in agricultural marketing?

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87) ___________is used to test the overall Significance of Regression Model

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88) _________ is the term that shows/measures the degree of market performance

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89) Country A limits other nation’s exports to Country A to 1,000 tons of coal annually. This is an example of ___?

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90) Based on the data given above, what is the company’s accounting rate of return?

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91) Which one of the following is incorrect statement about pricing strategy

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92) With perfect income equality the Gini coefficient in a country would be

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93) Which of the following is false about revealed preference approach?

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94) Which of the following is the first stage in contingent valuation techniques?

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95) Development economics focuses primarily on the poorest ___________ of the world’s a. population

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96) If the error terms of an equation has heteroscedastic problem;

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97) Which of the following statements is not true about import restriction

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98) Which one of the following is incorrect about market classification?

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99) Assume a project whose NPV is 785 & -963 at discount rate of 6% and 7% respectively. What is the IRR?

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100) When project gets acceptance in discounted investment criteria?

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