LEA – Agricultural Economics and Marketing Reviewer 2025

 

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#1. Microeconomics theory studies how a free-enterprise economy determines

the price of economic resources

the price of goods

the price of services

all of the above

#2. GNP excludes non-productive transactions such as firms

neither a nor b

second hand

both a and b

purely financial transaction

#3. All of the following curves are U-shaped except

the average variable cost curve

the average fixed cost curve

the marginal cost curve

the average cost curve

#4. If the % increase in Qd is less than a % fall in price, Ed=

zero

less than one

greater than one

one

#5. Man will usually satisfy

social

cultural needs before satisfying the higher level needs

welfare

basic

#6. This theory states that a nations resources are nonrenewable and can contribute to economic development only up to a certain point. Such viewed phenomenon is related to the law of diminishing returns.

Adam Smiths theory

Charles Darwin theory

none of the above

Ricardian theory

#7. The demand for silk is

elastic

unitary inelastic

unitary elastic

inelastic

#8. From the fact that the demand curve is sloping downward, we know that

when the quantity demanded increases, the quantity supplied will also increase

when the people of the commodity increase, quantity bought will decrease

when the price of the commodity increases, the quantity bought will increase

when peoples income increases, the quantity bought will increase

#9. The arm of the government hat oversees trade, industry and investment activities is the

Department of Tourism

Philippine International Trading Corporation

Department of Trade and Industry

Philippine Trade Training Center

#10. Extra income earned from producing an additional unit of output is called

Marginal Revenue

Marginal Costs

Marginal Product

all of the above

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Prepare for the Licensure Examination for Agriculturists (LEA 2025) with our free reviewer designed to help you master the core subjects. This reviewer covers essential topics based on the exam’s Table of Specifications, making it a reliable guide for self-study.

Agriculture Board Exam Reviewer Topics 2025

Our reviewer is organized by major subject areas tested in the board exam, including:

• Crop Science Reviewer 2025

• Soil Science Reviewer 2025

• Animal Science Reviewer 2025

• Crop Protection Reviewer 2025

• Agricultural Economics and Marketing Reviewer 2025

• Agricultural Extension and Communication Reviewer 2025

This structure ensures that you review all Agriculture board exam topics for 2025 in a systematic and efficient way.

LEA Reviewer Sample Questions 2025

Boost your readiness with LEA 2025 reviewer sample questions patterned after actual board exam items. These practice questions allow you to test your knowledge, identify weak areas, and gain confidence before exam day.

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