Agrarian Sector Exam

The largest producer of coarse grains from selected countries is:

Kazakhstan

Ukraine

Argentina

China

The share of sugar beet in total world sugar production is:

15%

25%

35%

45%

The largest producer of oilseeds (in total) is:

USA

China

Brazil

Argentina

The share of soybeans in total world oilseed production is:

20%

30%

40%

More than 50%

The income elasticity represents:

Percentage changes in supply as a result of 1% change in income

Percentage change sin demand as a result of 1% change in income

Percentage changes in income as a result of 1% change in government subsidy

Percentage changes in incomes as a result of 1% change in savings

A comparative advantage is "revealed" if:

RCA < 1

RCA > 1

RCA = 1

None of these

If the price elasticity of supply is greater than 1:

An increase in price leads to higher increase in quantity supplied

An increase in prce leads to lower increase in quantity supplied

An increase in price leads to the same increase in quantity supplied

None of these

The primary dairy final product is not:

Butter

Skim milk

WMP

Casein

China now accounts for nearly

20% of world meat production

40% of world meat production

60% of world meat production

80% of world meat production

The share in world meat production is, according to size:

1. pork, 2. poultry, 3. beef

1. poultry, 2. pork, 3. beef

1. pork, 2. beef, 3. poultry

The highest meat consumption per capita and year is in

China

Mexico

Germany

USA

The global pigmeat production is about

90 million tonnes

115 million tonnes

135 million tonnes

150 million tonnes

Which of the following was NOT an objective of the original Common Agricultural Policy (CAP)?

To ensure a fair return for farmers

To maintain reasonable prices for consumers

To introduc policies designed to increase yields and labour productivity

To encourage rural depopulation

Under the original CAP, the price at which the European Community authorities would purchase supplies of cereal grains (provided they were of minimum quality specification) offered to them was known as

The target price

The intervention price

The threshold price

The lowest representative import offer price

Agrarian Sector Exam

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