AGEC 340 EXAM 1 REVIEW QUESTIONS
WITH ANSWERS
How mdoes mvanderwood mmeadow mfarm mgrow mtheir mproduct m- mcorrect manswers
m-Aquaponics mand mor mVertical mFarming
Which mstate mhas mthe mlowest mspending mfor mlocal mfood m- mcorrect manswers m-
Texas
What msales mchannels m- mcorrect manswers m-Farm mpath mgrocery mstores
Sustainable mpackaging m- mcorrect manswers m-A mvisible mdifferentiator
Why mare mlocal mfarmers mmarkets mso mimportant mto mlocal mmarkets? m- mcorrect
manswers m-They mare mincubators mfor msmall mbusinesses. mEncourages mbusinesses
mto mstart min mthat msmall mgrowth mchange.
Why mwas maquaponics mused? m- mcorrect manswers m-It mwas mchosen mbecause mof
menvironmental mbenefits mand mproductivity min mthe murban menvironment.
, Thomas mMalthus m(1766-1834) m- mcorrect manswers m-Populations mhave mthe
mpotential mto mincrease mat ma mfaster mrate mthan mresources
As ma mresult mthere mis mintense mcompetition mamong mindividuals
Eugenicist
Low mbirth mrate m- mcorrect manswers m-Comes mwith mshortage mof mlabor mand
mshrinkage mof mmarkets
Malthusian mtheory mof mpopulation mgrowth m- mcorrect manswers m-The mtheory mthat
mpopulation mgrows mfaster mthan mfood msupply
How mcan mexporting mbe mbeneficial m- mcorrect manswers m-Exporting mis ma mgreat
mway mto mgrow mthe mpie. mBring min mrevenue.
How mcan mexporting mbe mnon mbeneficial m- mcorrect manswers m-It mis mrisky, mhas
muncertainties, mand mcompetitive mmarkets mare mrising
Agricultural mexports m- mcorrect manswers m-Supports ma mlot mof mjobs
Ag mSubsidies m- mcorrect manswers m-Are mgood mfor mthe mUS mdollar
Subsidies m- mcorrect manswers m-a msum mof mmoney mgranted mby mthe mgovernment
mor ma mpublic mbody mto massist man mindustry mor mbusiness mso mthat mthe mprice mof
ma mcommodity mor mservice mmay mremain mlow mor mcompetitive.
Cultural mdiversity min mmarkets m- mcorrect manswers m-Led mto mniche mproducts mand
mservices mto mthe mmass mmarket
Benefits mfor mexporting mfor mfirms m- mcorrect manswers m-Grow mthe mpie
Economies mof mscale
Global mbranding mbenefits
Reduced mrisk mbeing min mseveral mmarkets mat monce
Cultural mGlobilization m- mcorrect manswers m-Urbanization mis mgrowing mworldwide
Firms mdon't mhave mto msegment
Risks mfor mExporter m- mcorrect manswers m-risk mof mnon-payment
Exchange mrate mcurrency mrisks
Accounting mcan mbe mdifferent
Management mand mcultural mdifferences
Legal mdifferences mbetween mcountries m(bribery)
Changing mexports m- mcorrect manswers m-Value mto mraw mcommodities mthat mhave
mbeen mprocessed
WITH ANSWERS
How mdoes mvanderwood mmeadow mfarm mgrow mtheir mproduct m- mcorrect manswers
m-Aquaponics mand mor mVertical mFarming
Which mstate mhas mthe mlowest mspending mfor mlocal mfood m- mcorrect manswers m-
Texas
What msales mchannels m- mcorrect manswers m-Farm mpath mgrocery mstores
Sustainable mpackaging m- mcorrect manswers m-A mvisible mdifferentiator
Why mare mlocal mfarmers mmarkets mso mimportant mto mlocal mmarkets? m- mcorrect
manswers m-They mare mincubators mfor msmall mbusinesses. mEncourages mbusinesses
mto mstart min mthat msmall mgrowth mchange.
Why mwas maquaponics mused? m- mcorrect manswers m-It mwas mchosen mbecause mof
menvironmental mbenefits mand mproductivity min mthe murban menvironment.
, Thomas mMalthus m(1766-1834) m- mcorrect manswers m-Populations mhave mthe
mpotential mto mincrease mat ma mfaster mrate mthan mresources
As ma mresult mthere mis mintense mcompetition mamong mindividuals
Eugenicist
Low mbirth mrate m- mcorrect manswers m-Comes mwith mshortage mof mlabor mand
mshrinkage mof mmarkets
Malthusian mtheory mof mpopulation mgrowth m- mcorrect manswers m-The mtheory mthat
mpopulation mgrows mfaster mthan mfood msupply
How mcan mexporting mbe mbeneficial m- mcorrect manswers m-Exporting mis ma mgreat
mway mto mgrow mthe mpie. mBring min mrevenue.
How mcan mexporting mbe mnon mbeneficial m- mcorrect manswers m-It mis mrisky, mhas
muncertainties, mand mcompetitive mmarkets mare mrising
Agricultural mexports m- mcorrect manswers m-Supports ma mlot mof mjobs
Ag mSubsidies m- mcorrect manswers m-Are mgood mfor mthe mUS mdollar
Subsidies m- mcorrect manswers m-a msum mof mmoney mgranted mby mthe mgovernment
mor ma mpublic mbody mto massist man mindustry mor mbusiness mso mthat mthe mprice mof
ma mcommodity mor mservice mmay mremain mlow mor mcompetitive.
Cultural mdiversity min mmarkets m- mcorrect manswers m-Led mto mniche mproducts mand
mservices mto mthe mmass mmarket
Benefits mfor mexporting mfor mfirms m- mcorrect manswers m-Grow mthe mpie
Economies mof mscale
Global mbranding mbenefits
Reduced mrisk mbeing min mseveral mmarkets mat monce
Cultural mGlobilization m- mcorrect manswers m-Urbanization mis mgrowing mworldwide
Firms mdon't mhave mto msegment
Risks mfor mExporter m- mcorrect manswers m-risk mof mnon-payment
Exchange mrate mcurrency mrisks
Accounting mcan mbe mdifferent
Management mand mcultural mdifferences
Legal mdifferences mbetween mcountries m(bribery)
Changing mexports m- mcorrect manswers m-Value mto mraw mcommodities mthat mhave
mbeen mprocessed
