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Midterm

Authored by Ms. Marcelle

Science

10th Grade

Used 5+ times

Midterm
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17 questions

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1.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

1) Marketing can BEST be described as

value added farm products

selling goods produced on the farm at a market place

buying goods from the market to be sold to exporters

moving goods and services from producer to comsumer

2.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

Item 1 refers to the following table which shows the demand, supply and price of tomato in a country

Based on the information in the table, the equilibrium price of tomato is

$1.00

$1.50

$2.00

$2.50

3.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A farmer wants to know the number of tools on her farm. Which record should she check?

Labour

Financial

Inventory

Production

4.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

In economic terms, a surplus is created when

supply is less than demand

supply is equal to supply

supply is greater than demand

demand is greater than supply

5.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Media Image

From which of the following graph can the equilibrium price of a product be determined?

A

B

C

D

6.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

Which of the following are benefits of price supports to farmers?

I. Economic security for farmers

II. Free farming materials

III. Guaranteed prices for certain products

I and II only

I and III only

II and III only

I, II and III

7.

MULTIPLE CHOICE QUESTION

30 sec • 1 pt

A bag of mixed fertilizer is labelled 7:14:21. What is the ratio of nitrogen to phosphorus in this fertilizer?

1:2

2:3

3:1

3:2

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