WorksheetsAgricultural and Economic Vocabulary
Total questions: 15
Worksheet time: 10mins
What is agribusiness?
A sector that encompasses farming and farming-related commercial activities.
A type of business that focuses solely on technology.
A form of entertainment industry.
A branch of government dealing with agriculture.
What are transnational corporations?
Companies that operate in multiple countries
Local businesses with no international presence
Government agencies operating internationally
Non-profit organizations working across borders
What is vertical integration?
What does economies of scale refer to?
Reduction in cost per unit due to increased production
Increase in cost per unit due to increased production
Reduction in cost per unit due to decreased production
Increase in cost per unit due to decreased production
What is a commodity chain?
A sequence of stages in the production and distribution of a commodity
A type of jewelry made from precious metals
A chain of retail stores selling commodities
A financial instrument used in commodity trading
What does carrying capacity mean in agriculture?
Carrying capacity in agriculture refers to the maximum number of livestock or crops that a piece of land can support sustainably without degrading the land's productivity.
Carrying capacity in agriculture refers to the total weight of crops that can be harvested in a single season.
Carrying capacity in agriculture refers to the amount of water a piece of land can hold for irrigation purposes.
Carrying capacity in agriculture refers to the number of workers needed to maintain a farm.
What are cool chains?
A type of supply chain that focuses on temperature-sensitive products
A type of jewelry
A type of blockchain technology
A type of fashion trend
What is location theory?
the theory behind why people chose certain locations for various types of economic activities
an economic geography theory
a urban planning theory for cost related production
a theory of spatial analysis regarding urban vs. rural living
Who was von Thunen and what did he suggest?
von Thunen was a German economist and land use theorist known for his model of agricultural land use. He suggested that agricultural activities are distributed in concentric circles around a central market, with different types of farming located at varying distances based on transportation costs and land value.
von Thunen was a French philosopher who proposed the theory of existentialism, focusing on individual freedom and choice.
von Thunen was an American scientist who developed the theory of relativity, revolutionizing modern physics.
von Thunen was a British historian known for his work on the industrial revolution and its impact on modern society.
What is an isotropic plain?
A flat and uniform area with no variation in any direction
A mountainous region with varying elevations
A coastal area with significant tidal changes
A desert region with sand dunes
What does horticulture include?
Cultivation of plants
Breeding of animals
Mining of minerals
Construction of buildings
What is a bid-price curve?
A graphical representation of the relationship between the price of a bid and the quantity demanded.
A chart showing the historical prices of a stock over time.
A curve depicting the supply and demand equilibrium in a market.
A diagram illustrating the cost structure of a company.
What is a free-market economy?
An economic system where prices are determined by unrestricted competition between privately owned businesses.
An economic system where the government controls all aspects of the economy.
An economic system where prices are determined by a central planning authority.
An economic system where businesses are owned by the state.
What are non-isotropic plains?
Plains that have uniform properties in all directions
Areas that have different levels of topography and water features
Plains that are always flat and level
Plains that are found only in tropical regions
What is (agricultural) comparative advantage?
The ability of a country to produce a particular good more efficiently than other goods.
The ability of a country to produce a particular good using more resources than another country.
The ability of a country to produce a particular good using fewer resources than another country.
The ability of a country to produce a particular good at a higher opportunity cost than another country.
