Introduction to Agricultural Economics - JSS2 Agricultural science Past Questions and Answers - page 1

1

Which branch of economics specifically focuses on the economic aspects of agriculture?

View related lesson
A

Microeconomics

B

Macroeconomics

C

Agricultural Economics

D

Environmental Economics

Ask EduPadi AI for a detailed answer

Share this question

2

What is the primary focus of agricultural economics?

View related lesson
A

Distribution of wealth

B

Analysis of agricultural policies

C

Production and distribution of agricultural goods

D

Stock market trends and services

Ask EduPadi AI for a detailed answer

Share this question

3

What concept in agricultural economics refers to the allocation of limited resources among competing uses?

View related lesson
A

Opportunity cost

B

Resource allocation

C

Elasticity

D

Market equilibrium

Ask EduPadi AI for a detailed answer

Share this question

4

Which economic concept in agriculture involves assessing the additional benefits and costs associated with small changes in agricultural activities?

View related lesson
A

Elasticity

B

Opportunity cost

C

Market equilibrium

D

Marginal analysis

Ask EduPadi AI for a detailed answer

Share this question

5

What principle describes the relationship between the quantity of a good demanded by consumers and the quantity supplied by producers?

View related lesson
A

Law of demand and supply

B

Law of diminishing returns

C

Law of elasticity

D

Law of scarcity

Ask EduPadi AI for a detailed answer

Share this question

6

Which economic principle helps predict how changes in market conditions will affect the quantity demanded and supplied of agricultural products?

View related lesson
A

Profit maximisation

B

Elasticity

C

Law of demand and supply

D

Law of diminishing returns

Ask EduPadi AI for a detailed answer

Share this question

7

What term refers to the value of the next best alternative foregone when a decision is made?

View related lesson
A

Elasticity

B

Opportunity cost

C

Marginal analysis

D

Resource allocation

Ask EduPadi AI for a detailed answer

Share this question

8

Which technique involves removing moisture from crops to prevent spoilage and extend shelf life?

View related lesson
A

Canning

B

Milling and grinding

C

Freezing

D

  Drying

Ask EduPadi AI for a detailed answer

Share this question

9

What is the primary goal of value addition in agriculture?

View related lesson
A

To increase resource allocation

B

To improve agricultural products

C

To reduce market demand

D

To decrease profit maximisation

Ask EduPadi AI for a detailed answer

Share this question

10

Which technique involves sealing food in airtight containers to preserve freshness?

View related lesson
A

Drying

B

Canning

C

Milling and grinding

D

Freezing

Ask EduPadi AI for a detailed answer

Share this question

Share this page