Food

Question 1

What are the 5 important factors of agriculture in the global economy?

Answer 1

1. Int’l trade
2. Source of national revenue
3. Employment
4. Livelihoods
5. Environment

Question 2

2 types of agricultural innovation =

Answer 2

1. ag intensification
2. biological innovation

Question 3

Boserup on population/ag

Answer 3

Population drives agricultural intensification

Question 4

3 causes of global food price rise?

Answer 4

1. Oil Prices
2. Adverse weather
3. Trade shocks (export bans, hoarding, panic buying)

Question 5

3 consequences of global food price rise?

Answer 5

1. Undernourishment & impoverishment
2. Food riots & revolt
3. Greater policy attention

Question 6

Demand & supply for food is relatively…

Answer 6

inelastic

Question 7

3 drivers of food demand

Answer 7

Population
Dietary transitions
Changes in food retailing (supermarkets)

Question 8

What is TOTAL FACTOR PRODUCTIVITY?

Answer 8

Ratio outputs to inputs

Question 9

3 sources of food supply growth =

Answer 9

1. New land
2. Input intensification
3. Increased TFP

Question 10

5 challenges for global ag =

Answer 10

1. Closing yield gap
2. Climate change & yields
3. Dietary change
4. Food Waste
5. World agricultural trade