Agricultural Economics and Marketing – Agriculturist Exam Reviewer (Set 4)

  • Question of

    Advantages are felt when there is an occurrence of economic growth, except:

    • Higher standard of living
    • Fiscal dividend
    • Growth and business confidence
    • Inflation risk
  • Question of

    The______of the economy refers to the manner in which the elements or units of the system are related to one another and the whole.

    • Structure
    • Productive capacity
    • Development
    • Growth
  • Question of

    One of the characteristic of a developing economy the income is ____distributed.

    • less inequitably
    • more inequitably
    • equitably
    • none of the choices
  • Question of

    By how much percentage agriculture and fisheries contributes to the GDP of the economy based on the BAS 2011 data.

    • 17 percent
    • 20 percent
    • 19 percent
    • 25 percent
  • Question of

    Republic Act _____is known as the Organic Agriculture Act of 2010.

    • 8435
    • 8550
    • 10068
    • 10150
  • Question of

    Agriculture is the key to these economic measires except:

    • Poverty alleviation
    • Progress
    • Profit
    • Food security
  • Question of

    It refers to a sustained increase in the general price level in an economy.

    • Flux
    • Inflation
    • Interest
    • Coordinate
  • Question of

    Economic growth is measured by the annual percentage change in ____GDP.

    • Nominal
    • Real
    • Proportional
    • Money
  • Question of

    Economic growth has the formula.

    • GDP1- GDP2/ GNP1
    • GDP1- GNP1/ GDP2
    • GDP2 – GDP1/ GDP1
    • GNP2- GDP1/ GDP2
  • Question of

    Drivers for economic growth is the accumulation of physical and ___capital.

    • Human
    • Investment
    • Educational
    • Political
  • Question of

    A way of farming that combines agriculture and business and usually involves large amounts of land, animals, and expensive technology.

    • Agricultural Marketing
    • Agricultural Entrepreneurship
    • Agribusiness
    • Large Scale Farm Business
  • Question of

    Buyers who intend to directly consume a product or service is constitute of?

    • Reseller market
    • Consumer market
    • Industrial market
    • Government market
  • Question of

    It consists of market participants or intermediaries who directly responsible for making farmers’ product available to the users at the right place, time, and form.

    • Producers subsystem
    • Channel subsystem
    • Flow subsystem
    • Functional subsystem
  • Question of

    The set of all actual and potential buyers of good and services

    • Middlemen
    • Producers
    • Market
    • Trading center
  • Question of

    It is defined partly as an art, science and also a business with all parts interacting in the cultivation of crops and raising of livestock and fish either for direct consumption or for sale.

    • Environmental Science
    • Agriculture
    • Agribusiness
    • Aquaculture
  • Question of

    It is defined as strategy of improving the soil’s natural capability to nurture plant life through constant recycling of nutrients and maintenance of soil fertility, moisture and microbial condition.

    • Organic Farming
    • Sustainable Development
    • Sustainable Agriculture
    • Soil Nutrition
  • Question of

    Essential ingredient for economic growth, except:

    • Technology
    • Capital formation
    • Psychological development
    • Human resources
  • Question of

    It is a system of a crop or grain production wherein maximum inputs are applied to a given area in order to produce maximum output.

    • Extensive agriculture
    • Intensive agriculture
    • International agriculture
    • External agriculture
  • Question of

    It refers to the factors that derived the average cost curve downward as the firms operation expands:

    • Comparative advantage
    • Economies of scale
    • Marginal cost
    • Opportunity cost
  • Question of

    Economic development means:

    • Increase in output
    • Changes in economic structure
    • All of the choices
  • Question of

    When there is economic development, the % in agriculture shares ____relative to other sector.

    • Increase
    • Decrease
    • Constant
    • None of the choices
  • Question of

    Republic Act 6657 of 1998 is the legal base for the implementation of CARP is known as:

    • Agrarian Reform
    • Comprehensive Agrarian Reform Law
    • Agriculture Act
    • None of the choices
  • Question of

    Vicious cycle of poverty is characterized by:

    • Low of income and savings
    • Low of production and consumption
    • All of the choices
    • None of the choices
  • Question of

    Economic development is shaped not only by economic factors but also:

    • Environment factors
    • Social factors
    • Cultural conditions
    • All of the choices
  • Question of

    Which of the following does not support and complement our definition of a market?

    • a place where buyers and sellers meet to exchange goods and services
    • buyers and sellers may use telephone, mails and other communication facilities to transact
    • a market has three elements: buyers, sellers and consumers
    • in order for a market transaction to be completed both buyer and seller must agree at a particular price
  • Question of

    Which of the following are activities or functions that include finding buyers, buying, selling and risk taking?

    • transactional functions
    • logistical functions
    • facilitating function
    • none of the choices
  • Question of

    Which of the following approaches to agricultural marketing gives primary emphasis to human element?

    • commodity approach
    • functional approach
    • market structure, conduct and performance approach
    • institutional approach
  • Question of

    What represents the point at which price determination enters into the study of marketing?

    • exchange function
    • facilitating function
    • physical function
    • market and intelligence function
  • Question of

    This study covers the characteristic of the product, market demand and supply situation at domestic and international levels, the behavior of consumers in relation to a specific product and prices at the farm, wholesale and retail level:

    • functional approach
    • commodity approach
    • institutional approach
    • market structure, conduct and performance approach
  • Question of

    Which of the following refers to making the right products available at the right place at the right time?

    • promotion
    • advertisement
    • distribution
    • pricing
  • Question of

    Which of the following function is primarily concerned with making goods available at the proper place?

    • storage function
    • transportation function
    • processing function
    • standardization
  • Question of

    What marketing function is responsible for the job of collecting, interpreting and disseminating the large variety of data necessary to the smooth operation in the marketing process?

    • Financing
    • Standardization
    • Market intelligence
    • Risk-bearing
  • Question of

    Those individuals or business concerns that specialize in performing the various marketing functions involved in the purchase and sale of goods as they moved from producers to consumers.

    • Middlemen
    • Processors
    • Framers
    • Consumers
  • Question of

    They are considered the “actors” in the system who perform vital functions but sometimes they gate the ire of the producers, consumers and the government:

    • Producer subsystem
    • Environment subsystem
    • Channel subsystem
    • Functional subsystem
  • Question of

    This function involves in solving the problems of when, what and where in marketing:

    • Exchange function
    • Physical function
    • Facilitating function
    • Marketing function
  • Question of

    Which of the following terms best applies to a single seller market?

    • monopsony
    • monopoly
    • oligopoly
    • oligopsony
  • Question of

    Which of the following forces in marketing determines the market price of agricultural products?

    • Law of comparative advantage
    • Forces of demand
    • Forces of supply
    • Law of supply and demand
  • Question of

    Which of the following items is a technique of forecasting price of a product?

    • Time series analysis
    • Statistical analysis
    • Trial and error
    • None of these
  • Question of

    Firm A produces Product X with a total cost of production of P15/unit. The said firm desires to have a profit of P 8/unit. How much is the mark up price of the product?

    • P 20
    • P 23
    • P 7
    • P 25
  • Question of

    Which of the following terms is defined as the personal and impersonal process of assisting a prospective customer to buy a commodity?

    • Advertisement
    • Distribution
    • Promotion
    • None of these
  • Question of

    It is the oral presentation of the product wherein the marketer sometimes goes from house to house to influence prospective customers to buy his products:

    • Advertising
    • Publicity
    • Sales promotion
    • Personal selling
  • Question of

    What term best applies to activities concerned with the physical supply of the products including transportation, storage and physical distribution?

    • Logistical
    • Transactional
    • Facilitating
    • Financial
  • Question of

    If a retailer purchased tomatoes from a wholesaler at P 15 per kilogram and sold them to household consumer at P 20 per kilogram, the percentage mark up could be:

    • 75 %
    • 133 %
    • 33 %
    • 25 %
  • Question of

    It refers to all services, activities or functions involved in moving the farm products from the point of production to the point of consumption:

    • Distribution
    • Marketing
    • Transportation
    • Trading
  • Question of

    Which of the following is not a component (sub-system) of marketing system:

    • consumer
    • producer
    • market channel
    • none of the these
  • Question of

    The behavior pattern of a firm in the industry:

    • market conduct
    • market structure
    • marketing performance
    • marketing charges
  • Question of

    A component of the marketing margin that refers to the returns to the various factors of production used in providing the processing and marketing services rendered between the farmers and consumers:

    • Marketing cost
    • Net return
    • Processing cost
    • Marketing charges
  • Question of


    • GDP+Net factor income from abroad
    • GNP+Net factor income from abroad
    • GDP+Net factor income from country
  • Question of


    • Wages-Rent-Interest-Profit
    • Wages+Rent+Interest-Profit
    • Wages+Rent-Interest/Profit
    • Wages+Rent+Interest+Profit
  • Question of

    An additional or incremental unit of something.

    • Equity
    • Economic growth
    • Marginality
    • Opportunity cost

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