AGB312 wint00 quizzes - Name i I j AGB 312-02 I Prof...

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Unformatted text preview: Name: i I ' j %/ 1/18/00 AGB 312-02 I Prof. MacDougall Winter 2000 Quiz #2 January 18, 2000 l. The graphs below represent an industry supply and demand and an individual firm’s cost curves. Using the available information, do the following: (a) Identify the three unnamed curves; (3 pts) (b) Using a box, indicate the area representing the initial profit for the individual firm; and, (2 pts) (c) Assuming that positive profits are causing a shift in the industry supply curve, indicate on the graph at what point the industry supply curve must stop shifiing. (1 pts) ' 3. Of the three policy payoffs, circle e payoff (or payoffs) which satisfies the Com ensation Principle. (1 pts) < ' AGB 312-02 '_/ Prof. MacDougall / Winter 2000 k Quiz #4 February 8, 2000 1. List three of the five most frequently mentioned reasons for government involvement in agriculture: (6 pts) (a) Slab; lib! of PINES ”fl/ 3. Choose one of the two problems in problem 2 above and list two of that problem’s dimensions. (2 pts) Problem: I - / Z, Dimension 1: Dimension 2: , r _- J AGB 312 MacDougali Assignment #4 Five Reasons for Govt Involvement in Agriculture 0 Low farm income caused the govt to support farm prices but they have become more controversial as # of farms has declined and income has increased . Need to stabilize farm prices and incomes to help reduce economic stress on farm families. They have both lowered and raised prices for this reason . To ensure an adequate supply of food by expanding farm production Gnigation projects. research - The safety of food supply was an issue after enough food was demonstrated. Sanitation. pesticides. residues, and nutrition are issues - Conserve the soil so the amount of soil that can stilt be farmed will be there for future generations. Conservation of limited water, preservation of prime farmland in populated areas. Symptoms, Problems, and Policies in Transition /'\ n X Name: _ ‘ i 3 I l Gr q) AGB 312-02 . " Prof. MacDougall l 0 Winter 2000 L» Quiz #1 January 11, 2000 1. Clearly describe the difference between a goal and a policy position. You may use an example to help clarify your answer. (6 pts) Geek/3117 ml mud WP ' PW’W‘JW W owd w W 2. Match the statement with the most ppropri e term: (4 pts) A farmer maintains that owning a piece of agricultural property allows / him/her to use any growing " 3 POIICy POSitiOIl technique regardless of its possible impacts on others. The government should establish a Belief specific program to protect the property rights of owners of agricultural land. “i K A farmer maintains that agricultural 3 Value practices have never significantly contributed to erosion problems in the United States. Name: _ y. .p ,k . ' . \ \ 0/1, a U - AGE 312-02 (Vi/10 Prof. MacDougall Winter 2000 Quiz #6 February 29, 2000 [Leap Day] 1. List the five important policy goals in agricultural policy development (6 pts) (3) Q“ i ’ ‘ “Mil - ' a m 4‘; M W (b) ’ ' kg! 1.0.11 Min ‘ a“ .H ”W 3 i . I (c) J .‘IAA ' .411 in Mum; A; 3' U . W, «1) WWW 022900_AGB312_W00_Quiz_06.doc I 1 Name: _L _ _ ‘ ‘ J I O _ A613 312-02 / Prof. MacDougall _ Winter 2000 ('0 Quiz #3 - anuary 25, 2000 1. Define the following terms as they have een defined in class: (6 pts) (‘0 Mm“ “We -' «Ff—94123;" ' W m {mind in 6b in ' 5 ‘ ' I bb no 5 ' 6L, lbw/Li W6 MW (e) Public good— 15 5, kg??- 5 {a f) 5 W W ‘ :r’ I. W Ui’ s I o ’4’ f 2. In the video‘ ‘Change on t ‘ Rang ‘ what was the extemality involved? Be sure to fiilly justify your answer. (2 pts) ‘ mngWi/mem WW WW WWMQW: agave )m 3. Explain how public education mig _t be considered a positive extemality. (2 pts) [kl/09W N w Mada _ dbbm m a5, a mu, m ...
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