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

1 / 5

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

2 / 5

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

3 / 5

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

4 / 5

4) When the firm experiences increasing marginal returns _______________________.

5 / 5

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

Your score is

0%

Agricultural Economics Model Exit Exam 2024

0 votes, 0 avg
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.

1 / 100

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

2 / 100

2) 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?

3 / 100

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

4 / 100

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

5 / 100

5) ______ 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.

6 / 100

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

7 / 100

7) Infant mortality means__________?

8 / 100

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

9 / 100

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

10 / 100

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

11 / 100

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

12 / 100

12) If there is high collinearity problem between variables;

13 / 100

13) The zero conditional mean assumption shows that;

14 / 100

14) Factor proportions theory is also known as the

15 / 100

15) Which one of the following is incorrect?

16 / 100

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

17 / 100

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

18 / 100

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

19 / 100

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

20 / 100

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

21 / 100

21) An underdeveloped economy is characterized by

22 / 100

22) Income inequalities are often shown on a

23 / 100

23) The World Trade Organization

24 / 100

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

25 / 100

25) Economic development refers to

26 / 100

26) Autarky refers to a country

27 / 100

27) 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?

28 / 100

28) 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

29 / 100

29) What is gross domestic product (GDP)?

30 / 100

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

31 / 100

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

32 / 100

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

33 / 100

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

34 / 100

34) When project gets acceptance in discounted investment criteria?

35 / 100

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

36 / 100

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

37 / 100

37) 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?

38 / 100

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

39 / 100

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

40 / 100

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

41 / 100

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

42 / 100

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

43 / 100

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

44 / 100

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

45 / 100

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

46 / 100

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

47 / 100

47) 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?

48 / 100

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

49 / 100

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

50 / 100

50) 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:

51 / 100

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

52 / 100

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

53 / 100

53) As it relates to international trade, dumping

54 / 100

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

55 / 100

55) 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?

56 / 100

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

57 / 100

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

58 / 100

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

59 / 100

59) Balanced growth theories of advocates___________?

60 / 100

60) International trade and specialization are determined by

61 / 100

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

62 / 100

62) 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___________

63 / 100

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

64 / 100

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

65 / 100

65) _______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.

66 / 100

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

67 / 100

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

68 / 100

68) 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 _____________.

69 / 100

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

70 / 100

70) With international trade, a country

71 / 100

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

72 / 100

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

73 / 100

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

74 / 100

74) 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?

75 / 100

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

76 / 100

76) 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?

77 / 100

77) To say a give natural resource is essential;

78 / 100

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

79 / 100

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

80 / 100

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

81 / 100

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

82 / 100

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

83 / 100

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

84 / 100

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

85 / 100

85) _______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).

86 / 100

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

87 / 100

87) What is hedonic price in environmental valuation?

88 / 100

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

89 / 100

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

90 / 100

90) Economic growth measures the

91 / 100

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

92 / 100

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

93 / 100

93) 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:

94 / 100

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

95 / 100

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

96 / 100

96) What is the Gross National Product:

97 / 100

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

98 / 100

98) ____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.

99 / 100

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

100 / 100

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

Your score is

0%

Developed By KInfemichael Nigussie