Archive for May 2017

The U.S. is the world's:

Naim 11:55 Add Comment

The U.S. is the world's:




a. Smallest exporter of agricultural products
b. Smallest importer of processed foods
c. Smallest exporter of processed foods
d. Largest importer and exporter of agricultural products and processed foods






Answer: D

In 2014, Tyson Foods announced its intentions to purchase Hillshire Brands. This merger would imply that Tyson would be the sole buyer of more than 1/3 of all the sows purchased from U.S. farmers. One benefit to the consumer of this merger is that the larger Tyson may be able to:

Naim 11:54 Add Comment

In 2014, Tyson Foods announced its intentions to purchase Hillshire Brands. This merger would imply that Tyson would be the sole buyer of more than 1/3 of all the sows purchased from U.S. farmers. One benefit to the consumer of this merger is that the larger Tyson may be able to:





a. Exercise market power
b. Increase market competition
c. Decrease its economies of scale
d. Decrease its per unit costs of production and processing





Answer: D

Which of the following is false regarding U.S. production agriculture (farm level)?

Naim 11:53 Add Comment

Which of the following is false regarding U.S. production agriculture (farm level)?




a. There are approximately 2 million farms in the U.S.
b. Most farms in the U.S. are small, owner-operated farms.
c. Small-scale farms account for less than 25% of all farm assets.
d. Mid-size and large-scale farms account for the majority of farm production.




Answer: C

If corn is an input into chicken production, then how would a low price level for corn impact the chicken market?

Naim 11:53 Add Comment

If corn is an input into chicken production, then how would a low price level for corn impact the chicken market?




a. The supply curve for chicken would shift, decreasing the price and increasing the quantity traded in the market.
b. The demand curve for chicken would shift, decreasing both the price and the quantity traded in the market.
c. The supply curve for chicken would shift, increasing the price and decreasing the quantity traded in the market.
d. The demand curve for chicken would shift, increasing bother the price and the quantity traded in the market.



Answer: A

Which of the following would most likely be considered an impact of increased technology in agriculture production?

Naim 11:52 Add Comment

Which of the following would most likely be considered an impact of increased technology in agriculture production?




a. Tighter coordination in the market channel which has led to more independent decision making by players in the agri-food system.
b. Geographic concentration which has led to increased efficiencies in the market channel.
c. More diversification at the farm level.
d. Higher retail prices at the consumer level.



Answer: B

Which of the following is false regarding the U.S. agri-food system?

Naim 11:52 Add Comment

Which of the following is false regarding the U.S. agri-food system?



a. The U.S. is the world's largest exporter and importer of agricultural and food products.
b. Both Canada and Mexico are in the top three export destinations and import sources for U.S. agricultural and food exports.
c. The U.S. has a negative agricultural trade balance.
d. The U.S. exports as much as 25% of its agricultural production.





Answer: C

Cargill Inc, a major player in the agri-food system, recently began to market food ingredients aimed at helping food companies produce healthier products that still taste good. For example, one of Cargill's new products is CoroWise plant sterols which have been clinically proven to lower cholesterol. Consequently, one can consider food products made with CoroWise plant sterols as a:

Naim 11:51 Add Comment

Cargill Inc, a major player in the agri-food system, recently began to market food ingredients aimed at helping food companies produce healthier products that still taste good. For example, one of Cargill's new products is CoroWise plant sterols which have been clinically proven to lower cholesterol. Consequently, one can consider food products made with CoroWise plant sterols as a:




a. Convenience food.
b. Functional food.
c. Seasonal food.
d. Geographically concentrated food.





Answer: B

Given the changing demographics in the U.S., which of the following is least likely to occur over the next 20 years?

Naim 11:51 Add Comment

Given the changing demographics in the U.S., which of the following is least likely to occur over the next 20 years?



a. An increase in per capita consumption of citrus fruit.
b. An increase in per capita consumption of poultry and fish.
c. Upgrades in consumer diets based on food production attributes.
d. Baby-boomers growing older and being more likely to eat out than younger Americans.





Answer: D

Which of the following is most likely false?

Naim 11:51 Add Comment

Which of the following is most likely false?



a. The role of place value is increased when commodities are geographically limited as to where they can be grown.
b. Agricultural producers are quickly able to adjust to market price signals.
c. Seasonal production and consumption lead to additional form value in order to extend the shelf-life of the food product where they can be grown.
d. A robotic apple harvester is an example of asset specificity.




Answer: B

Which of the following statements is true regarding how changing demographics will influence the future of the U.S. agri-food system?

Naim 11:51 Add Comment

Which of the following statements is true regarding how changing demographics will influence the future of the U.S. agri-food system?




a. Per capita dairy consumption is likely to increase in the future.
b. Increased importance will be placed on functional foods.
c. Per capita egg consumption is likely to decrease in the future.
d. Changing U.S. demographics are likely to have little to no impact on the future of the U.S. agri-food system.




Answer: B

Which of the following is false regarding the agri-food system?

Naim 11:51 Add Comment

Which of the following is false regarding the agri-food system?




a. Farmers must make decisions upon expected prices and expected yields instead of on known prices and yields.
b. Due to the biological nature of food production, agricultural firms are able to quickly contract or expand in order to adjust to price signals in the market.
c. Seasonal production and consumption increase the time value for commodities and food products.
d. If there is a high degree of asset specificity in the food system, this will increase the fixed costs of firms and make production adjustments costly and slow.




Answer: B

Which of the following is true regarding consumption trends in the U.S. agri-food system over the past 50 years or so?

Naim 11:50 Add Comment

Which of the following is true regarding consumption trends in the U.S. agri-food system over the past 50 years or so?



a. The share of income that U.S. consumers spend on food has been decreasing.
b. The dollar value of annual expenditures on food and alcohol in the U.S. has been decreasing.
c. The share of total food expenditures for food consumed away-from-home has been decreasing.
d. All of the above are true.




Answer: A

Which of the following is most likely false?

Naim 11:50 Add Comment

Which of the following is most likely false?




a. The consumer is the driving force in the U.S. agri-food system.
b. Commodity prices at the farm level are the most important factor in determining consumer food prices and choices.
c. Baby-boomers have different food preferences than other demographic groups in the U.S.
d. Per capita consumption of food has been relatively stable with only a modest increase.




Answer: B

A firm whose primary business function is to buy small quantities from one player and sells larger quantities to another without changing the form of the product is typically considered:

Naim 11:49 Add Comment

A firm whose primary business function is to buy small quantities from one player and sells larger quantities to another without changing the form of the product is typically considered:




a. An assembler
b. A producer
c. A retailer
d. A wholesaler



Answer: A

An apple processing plant that takes apples, turns them into apple juice, and then transports the bottled juice in its refrigerated trucks primarily adds what types of value?

Naim 11:49 Add Comment

An apple processing plant that takes apples, turns them into apple juice, and then transports the bottled juice in its refrigerated trucks primarily adds what types of value?




a. Time and Place
b. Form and Place
c. Place and Possession
d. Form and Time




Answer: B

Which of the following is not a current trend in the agri-food system?

Naim 11:48 Add Comment

Which of the following is not a current trend in the agri-food system?



a. Wholesalers and assemblers merging
b. The merger of processors and food manufacturers
c. Major/Large food retailers acting as their own wholesalers
d. Initial processors dealing more directly with producers and decreasing the role of assemblers






Answer: A

Which of the following is an example of a player in the agri-food system adding place value?

Naim 11:47 Add Comment

Which of the following is an example of a player in the agri-food system adding place value?




a. A company transporting wheat from the elevator to the manufacturer for milling
b. A company storing wheat in its grain elevator
c. A salesman visiting traveling to a farm and spending time with a local farmer in order to sell him wheat seed
d. A wheat mill creating flour from wheat kernels




Answer: A

The U.S. is the world's:

Naim 02:15 Add Comment

The U.S. is the world's:




a. Smallest exporter of agricultural products
b. Smallest importer of processed foods
c. Smallest exporter of processed foods
d. Largest importer and exporter of agricultural products and processed foods





Answer: D

In 2014, Tyson Foods announced its intentions to purchase Hillshire Brands. This merger would imply that Tyson would be the sole buyer of more than 1/3 of all the sows purchased from U.S. farmers. One benefit to the consumer of this merger is that the larger Tyson may be able to:

Naim 02:14 Add Comment

In 2014, Tyson Foods announced its intentions to purchase Hillshire Brands. This merger would imply that Tyson would be the sole buyer of more than 1/3 of all the sows purchased from U.S. farmers. One benefit to the consumer of this merger is that the larger Tyson may be able to:




a. Exercise market power
b. Increase market competition
c. Decrease its economies of scale
d. Decrease its per unit costs of production and processing




Answer: D

Which of the following is most likely false?

Naim 02:13 Add Comment

Which of the following is most likely false?




a. An increase in the price of fertilizer used in sugar beet production will cause a decrease in the supply curve for sugar beets.
b. If a new production technology reduces the cost of producing sugar beets, the supply curve for sugar beets is likely to decrease.
c. A change in the demand for sugar beets will cause a movement along the supply curve for sugar beets.
d. The supply curve for sugar beets is based on the cost of production of the sugar beet farms.




Answer: B

Which of the following is false regarding U.S. production agriculture (farm level)?

Naim 02:13 Add Comment

Which of the following is false regarding U.S. production agriculture (farm level)?




a. There are approximately 2 million farms in the U.S.
b. Most farms in the U.S. are small, owner-operated farms.
c. Small-scale farms account for less than 25% of all farm assets.
d. Mid-size and large-scale farms account for the majority of farm production.



Answer: C

If corn is an input into chicken production, then how would a low price level for corn impact the chicken market?

Naim 02:12 Add Comment

If corn is an input into chicken production, then how would a low price level for corn impact the chicken market?




a. The supply curve for chicken would shift, decreasing the price and increasing the quantity traded in the market.
b. The demand curve for chicken would shift, decreasing both the price and the quantity traded in the market.
c. The supply curve for chicken would shift, increasing the price and decreasing the quantity traded in the market.
d. The demand curve for chicken would shift, increasing bother the price and the quantity traded in the market.





Answer: A

Which of the following would most likely be considered an impact of increased technology in agriculture production?

Naim 02:12 Add Comment

Which of the following would most likely be considered an impact of increased technology in agriculture production?



a. Tighter coordination in the market channel which has led to more independent decision making by players in the agri-food system.
b. Geographic concentration which has led to increased efficiencies in the market channel.
c. More diversification at the farm level.
d. Higher retail prices at the consumer level.





Answer: B

Which of the following is false regarding the U.S. agri-food system?

Naim 02:12 Add Comment

Which of the following is false regarding the U.S. agri-food system?



a. The U.S. is the world's largest exporter and importer of agricultural and food products.
b. Both Canada and Mexico are in the top three export destinations and import sources for U.S. agricultural and food exports.
c. The U.S. has a negative agricultural trade balance.
d. The U.S. exports as much as 25% of its agricultural production.





Answer: C

Cargill Inc, a major player in the agri-food system, recently began to market food ingredients aimed at helping food companies produce healthier products that still taste good. For example, one of Cargill's new products is CoroWise plant sterols which have been clinically proven to lower cholesterol. Consequently, one can consider food products made with CoroWise plant sterols as a:

Naim 02:11 Add Comment

Cargill Inc, a major player in the agri-food system, recently began to market food ingredients aimed at helping food companies produce healthier products that still taste good. For example, one of Cargill's new products is CoroWise plant sterols which have been clinically proven to lower cholesterol. Consequently, one can consider food products made with CoroWise plant sterols as a:




a. Convenience food.
b. Functional food.
c. Seasonal food.
d. Geographically concentrated food.




Answer: B

Given the changing demographics in the U.S., which of the following is least likely to occur over the next 20 years?

Naim 02:11 Add Comment

Given the changing demographics in the U.S., which of the following is least likely to occur over the next 20 years?



a. An increase in per capita consumption of citrus fruit.
b. An increase in per capita consumption of poultry and fish.
c. Upgrades in consumer diets based on food production attributes.
d. Baby-boomers growing older and being more likely to eat out than younger Americans.




Answer: D

Which of the following is most likely false?

Naim 02:10 Add Comment

Which of the following is most likely false?



a. Since 2000, the share of income spent on food has been rapidly decreasing.
b. In general, Americans have on of the smallest shares on income spent on food in the world.
c. On average, Americans spend less than 10% of their income on food.
d. Approximately 50% of total food expenditures is for food purchased away-from-home.





Answer: A

Which of the following is most likely false?

Naim 02:10 Add Comment

Which of the following is most likely false?



a. The role of place value is increased when commodities are geographically limited as to where they can be grown.
b. Agricultural producers are quickly able to adjust to market price signals.
c. Seasonal production and consumption lead to additional form value in order to extend the shelf-life of the food product where they can be grown.
d. A robotic apple harvester is an example of asset specificity.




Answer: B

Which of the following statements is true regarding how changing demographics will influence the future of the U.S. agri-food system?

Naim 02:10 Add Comment

Which of the following statements is true regarding how changing demographics will influence the future of the U.S. agri-food system?



a. Per capita dairy consumption is likely to increase in the future.
b. Increased importance will be placed on functional foods.
c. Per capita egg consumption is likely to decrease in the future.
d. Changing U.S. demographics are likely to have little to no impact on the future of the U.S. agri-food system.





Answer: B

Which of the following is false regarding the agri-food system?

Naim 02:10 Add Comment

Which of the following is false regarding the agri-food system?



a. Farmers must make decisions upon expected prices and expected yields instead of on known prices and yields.
b. Due to the biological nature of food production, agricultural firms are able to quickly contract or expand in order to adjust to price signals in the market.
c. Seasonal production and consumption increase the time value for commodities and food products.
d. If there is a high degree of asset specificity in the food system, this will increase the fixed costs of firms and make production adjustments costly and slow.






Answer: B

Which of the following is true regarding consumption trends in the U.S. agri-food system over the past 50 years or so?

Naim 02:09 Add Comment

Which of the following is true regarding consumption trends in the U.S. agri-food system over the past 50 years or so?



a. The share of income that U.S. consumers spend on food has been decreasing.
b. The dollar value of annual expenditures on food and alcohol in the U.S. has been decreasing.
c. The share of total food expenditures for food consumed away-from-home has been decreasing.
d. All of the above are true.





Answer: A

Which of the following is most likely false?

Naim 02:09 Add Comment

Which of the following is most likely false?




a. The consumer is the driving force in the U.S. agri-food system.
b. Commodity prices at the farm level are the most important factor in determining consumer food prices and choices.
c. Baby-boomers have different food preferences than other demographic groups in the U.S.
d. Per capita consumption of food has been relatively stable with only a modest increase.





Answer: B

A firm whose primary business function is to buy small quantities from one player and sells larger quantities to another without changing the form of the product is typically considered:

Naim 02:08 Add Comment

A firm whose primary business function is to buy small quantities from one player and sells larger quantities to another without changing the form of the product is typically considered:




a. An assembler
b. A producer
c. A retailer
d. A wholesaler





Answer: A

An apple processing plant that takes apples, turns them into apple juice, and then transports the bottled juice in its refrigerated trucks primarily adds what types of value?

Naim 02:08 Add Comment

An apple processing plant that takes apples, turns them into apple juice, and then transports the bottled juice in its refrigerated trucks primarily adds what types of value?



a. Time and Place
b. Form and Place
c. Place and Possession
d. Form and Time





Answer: B

Which of the following is not a current trend in the agri-food system?

Naim 01:54 Add Comment

Which of the following is not a current trend in the agri-food system?




a. Wholesalers and assemblers merging
b. The merger of processors and food manufacturers
c. Major/Large food retailers acting as their own wholesalers
d. Initial processors dealing more directly with producers and decreasing the role of assemblers




Answer: A

Which of the following is an example of a player in the agri-food system adding place value?

Naim 01:54 Add Comment

Which of the following is an example of a player in the agri-food system adding place value?



a. A company transporting wheat from the elevator to the manufacturer for milling
b. A company storing wheat in its grain elevator
c. A salesman visiting traveling to a farm and spending time with a local farmer in order to sell him wheat seed
d. A wheat mill creating flour from wheat kernels




Answer: A

Farmers in LDCs choose to grow drug crops for export

Naim 02:01 Add Comment

Farmers in LDCs choose to grow drug crops for export



A) based on their market value in MDCs.
B) based on their proximity to market.
C) depending on whether or not they can grow corn.
D) depending on whether there are any users in their own country.





Answer: A

Von Thünen's model can best be used to explain the location of which of the following types of agriculture?

Naim 02:01 Add Comment

Von Thünen's model can best be used to explain the location of which of the following types of agriculture?



A) dairying in the Northeast United States
B) ranching in the dry lands of North Africa
C) shifting cultivation in the tropics of South America
D) intensive subsistence in South China
E) mediterranean agriculture in central Chile




Answer: A

Genetically modified crops have

Naim 02:00 Add Comment

Genetically modified crops have




A) higher yields.
B) greater resistance to climate change.
C) more resistance to pests.
D) all of the above
E) A and C






Answer: E

What is the purpose of crop rotation?

Naim 02:00 Add Comment

What is the purpose of crop rotation?




A) maintaining fresh products for market
B) maintaining price supports
C) maintaining the fertility of fields
D) responding to shifting consumer preference
E) reducing transportation costs





Answer: C

Mixing crops and livestock allows farmers to

Naim 01:59 Add Comment

Mixing crops and livestock allows farmers to





A) distribute the workload of the crops and livestock evenly throughout the year.
B) generate 3/4ths of their income from the sale of livestock.
C) create a system where crops provide food for livestock and the livestock provide manure for crop fertilization.
D) all of the above.
E) none of the above.




Answer: D

Which is not a characteristic of shifting cultivation?

Naim 01:58 Add Comment

Which is not a characteristic of shifting cultivation?




A) Land is cleared by slashing the vegetation.
B) Debris is burned to provide the soil with nutrients.
C) A new site is designated every few years.
D) Swiddens not under cultivation are used for fruit trees.
E) All of the above are characteristics.







Answer: E

Geographer Derwent Whittlesey divided the world into ________ agricultural regions (not including his area of nonexistent agriculture). ____ were classified as found in MDCs and ________ as found in LDCs.

Naim 01:57 Add Comment

Geographer Derwent Whittlesey divided the world into ________ agricultural regions (not including his area of nonexistent agriculture). ____ were classified as found in MDCs and ________ as found in LDCs.




A) 11; 6; 5
B) 12; 6; 6
C) 11; 5; 6
D) 6; 5; 1
E) none of the above





Answer: A

Hunting and gathering societies

Naim 01:55 Add Comment

Hunting and gathering societies




A) include about 15 percent of the world's people.
B) are found in isolated places in the world.
C) are characterized by large concentrations of people.
D) occur nearly everywhere but are especially common in Europe.
E) are responsible for most of the environmental degradation of the planet.





Answer: B

Which statement correctly describes hunting and gathering?

Naim 01:54 Add Comment

Which statement correctly describes hunting and gathering?




A) All humans obtained their food this way before the invention of agriculture.
B) It is a form of nomadism.
C) This form of subsistence is still practiced.
D) Hunter gatherers live in small groups.
E) all of the above







Answer: E
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