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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.

Iae 180: Introduction To Agricultural Economics Question Paper

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