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Age 311:Agricultural Price Analysis Question Paper

Age 311:Agricultural Price Analysis

Course:Bachelor Of Science In Agricultural Economics

Institution: University Of Eldoret question papers

Exam Year:2016

UNIVERSITY OF ELDORET
SCHOOL OF AGRICULTURE AND BIOTECHNOLOGY
DEPARTMENT OF AGRICULTURAL ECONOMICS AND RURAL DEVELOPMENT
THIRD YEAR FIRST SEMESTER, 2016/2017 ACADEMIC YEAR.
BACHELOR OF SCIENCE IN AGRICULTURAL ECONOMICS
AGE311:AGRICULTURAL PRICE ANALYSIS.
INSTRUCTIONS ; Answer question ONE and any other THREE questions.
QUESTION ONE
a) Evaluate what should be taken into consideration in formulating price policy in agricultural setups. (5marks)
b) Explain the causes and impacts of price volitality in agricultural sector and potential developments. (5 mks)
c) Argue for and against government interventions in agricultural produce markets? (5 marks)
d) Examine the effects of a producer subsidy on the markets price and output. Use suitable diagram in your answer . (5 marks)
e) To what extend will a subsidy through to lower prices for the consumers? Explain with well labeled diagram. (5 marks)
QUESTION TWO
a) Discuss the Common objectives of agriculture price policy in the economy. (5 marks)
b) The most visible and costly farm programs have been those designed to increase the price that farmers receive for various agricultural commodities by the government. Explain the consequences price floors for agricultural commodities. (5 marks)
c) What are the main functions of foreign exchange markets? ( 5marks)
QUESTION THREE
a) How is the price and quantity equilibrium determined in a competitive market structure? ( 5marks)
b) Evaluate the driving force behind price fluctuations in agricultural production in the world market. (6marks)
explain the objectives of exchange control in agricultural economy. (5marks)
QUESTION FOUR
a) Examine any four macroeconomics variable that impact greatly to price changes in Kenya. (6marks)
b) Critically examine economics parameters which either directly or indirectly affect the supply of agricultural products in the domestic market. ( 9marks)
QUESTION FIVE
a) Name and explain three methods of managing foreign exchange currency fluctuations. (6 marks)
b) Examine the importance of Kenyan agricultural price policy in place. (5marks)
c) Name and explain any four types of subsidies in agricultural economy. (4marks)
QUESTION SIX
a) Name and explain any two types of foreign rates. (4marks)
b) Explain in details the macroeconomics determinants of policy interventions for the agricultural prices. (6 marks)
c) Evaluate the adaptive policy elements in determination of minimum support prices. (5 marks)

Age 311:Agricultural Price Analysis Question Paper

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