Quiz on Agricultural Economics

The study of how societies use resources to meet people's needs is known as:

• Sociology

• Agricultural Economics

• Meteorology

• Anthropology

Which strategy is used in modern industrial agriculture to maximize returns?

• Reducing crop diversity

• Increasing crop yields

• Decreasing farm size

• Limiting technology use

What does agricultural economics include regarding finance?

• Urban finance

• Rural finance

• International finance

• Corporate finance

What is one of the main goals of industrial agriculture according to the text?

• To increase manual labor

• To reduce food production

• To lower food costs

• To use more land

What is one of the purposes of livestock operations in the agriculture industry?

• To produce food for local markets only

• To produce food for the export market

• To produce non-food items

• To produce only dairy products

What is the main focus of the agriculture industry as described in the text?

• Technology development

• Food production

• Manufacturing goods

• Providing services

According to the text, what scale of operations does the agriculture industry include?

• Only small-scale operations

• Only large-scale operations

• Both small and large-scale operations

• Only medium-scale operations

What is the role of massive grain operations in the agriculture industry?

• To produce technology

• To produce food for the export market

• To provide educational services

• To produce only organic food