Agricultural and food policy mainly involves a discussion of farm programs

Indicate whether the statement is true or false


FALSE , this is one of the topics, but it also includes discussion of resource policy, nutrition policy, international trade policy, and so forth.

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Answer the following statements true (T) or false (F)

1. The marginal value product for labor is equal to the marginal physical product for labor times
the product price.
2. Given the graph below, the area beneath the MVP curve and above the marginal input cost
(wage rate) curve represents the cumulative net benefit associated with the level of production.

3. Average variable costs is equal to the firm's total variable costs divided by its total output.
4. An example of average physical product in agriculture is the yield or number of bushels of corn
produced per acre.

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Which of the following is released by the posterior pituitary?

A) adrenocorticotropic hormone (ACTH) B) thyroid-stimulating hormone (TSH) C) growth hormone (GH) D) antidiuretic hormone (ADH) E) melanocyte-stimulating hormone (MSH)

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Which of the following statements is incorrect?

A) Strategic Planning helps you to adjust when unexpected events occur. B) You should always consider your core competencies when planning. C) Strategic Planning is commonly the source for your annual goals and objectives. D) Strategic Planning is based only upon internal information and resources.

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Exhaust hoses should be used because one of the exhaust gasses can be deadly in high concentrations. This gas is ________

A) Oxides of nitrogen B) Carbon monoxide C) Hydrocarbons D) Carbon dioxide

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