Chapter 12. Farmers Move Up Their Supply Curves

EIA Activity: Farmers Move Up Their Supply Curves

1. Question

   Use Link 1 to answer the following questions. True or False: For 2014-2015, the United States Department of Agriculture (USDA) projected yearly average corn prices in the range of $4 per bushel.

   A.

   True.

   B.

   False.

2. Question

   True or False: The USDA estimated average corn prices in 2013-2014 to be $6.89 per bushel.

   A.

   False.

   B.

   True.

3. Question

   Use Link 2 to answer the following questions. Which of the following prices represents fertilizer costs per acre for corn in 2014?

   A.

   $200 per acre

   B.

   $250 per acre

   C.

   $150 per acre

   D.

   $300 per acre

4. Question

   Which of the following chemical compounds are in corn fertilizer?

   A.

   Anhydrous ammonia

   B.

   Diammonium phosphate (DAP)

   C.

   Potash

   D.

   All of the above

5. Question

   True or False: Fertilizer prices for corn as of April 2014 were generally lower than fertilizer prices in 2011, 2012, and 2013.

   A.

   False.

   B.

   True

6. Question

   Use Link 3 to answer the following question. True or False: The cost of cotton per pound decreased from April 2014 to September 2014.

   A.

   False.

   B.

   True

• Point per question: 1pts for short answer 1pts for multiple choice
• number of attempts on quiz as a whole: 1 or unlimited?
• set which score reports to Gradebook: first, most recent, highest, or average
• Randomize answers (for multiple choice questions only)? Yes or no