Iae 180: Introduction To Agricultural Economics Question Paper
Iae 180: Introduction To Agricultural Economics
Course:Bachelor Of Science In Agricultural Economics And Resource Management
Institution: Kaimosi Friends University College question papers
Exam Year:2017
KAIMOSI FRIENDS UNIVERSITY COLLEGE
UNIVERSITY EXAMINATIONS
SEMESTER 1,2016/2017
MAIN EXAMINATIONS
FIRST YEAR FIRST SEMESTER EXAMINATIONS FOR THE DEGREE OF BACHELOR OF SCIENCE IN AGRICULTURAL ECONOMICS AND RESOURCE MANAGEMENT
COURSE CODE:IAE 180
COURSE TITLE: INTRODUCTION TO AGRICULTURAL ECONOMICS
DATE: MONDAY,3RD APRIL,2017
TIME:2-4 PM
INSTRUCTIONS
Answer question ONE and any other TWO questions
KAFUCO observes ZERO tolerance to examination cheating.
QUESTION ONE
a) Examine ways in which agribusiness contributes to economic development. 15 marks
b) Explain the assumptions associated with production economics. 5 marks
c) Explain the various methods used in computing the least cost combination. 6 marks
d) Give reasons why the law of diminishing marginal return is most common in agricultural production. 4 marks
QUESTION TWO
Write short notes on the following. 20 marks
i) price policy
ii. Commodity grading system
iii. Marketing margins
iv. Marketing information systems
v. Regional agricultural systems
vi. Production contribution
QUESTION THREE
a. Outline and briefly explain any five characteristics of traditional agriculture. 10 marks
b. Briefly discuss interdependence between agriculture and industry especially in the economies of developing countries. 10 marks
QUESTION FOUR
a) Mention four agricultural systems. 2 marks
b) Agriculture is widely acknowledged as the ministry in Kenya's economy.suppose that government of kenya hires you to advise on how to develop an agricultural policy for the country,prepare a briefly highlighting the main goals that such policy must seek to achieve. 14 marks
c) Outline any four elements of an agricultural strategy that you know. 4 marks
QUESTION FIVE
.In making policies to enhance farmer's earnings,the government faces challenges of ensuring that such in case does not hurt the consumer.With the aid of well labelled diagrams,explain how the government can use technology to achieve the dual objectives. 20 marks
Hint: Assume markets to be competitive.
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