3703874
Description
Flashcards by jake.homich, updated more than 1 year ago
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Created by jake.homich
over 8 years ago
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| Question | Answer |
| Farmers account for approximately what percent of the US population? | Less than 2% (1.6%) |
| The US is the Worlds: | Largest importer and exporter of agriculture products and processed food |
| What share of their income do average consumers generally spend on food? | 10% or less |
| A modern supermarket has how many UPC (universal product codes) | 40,000 |
| Expenditures for food consumed away-from-home as a percentage of total food expenditures is approx: | 50% |
| What commodity is relatively small? | Milk |
| In terms of agriculture diversity where does Michigan rank in the US? | second |
| Approx what share of the dollar do farmers earn | 6-8 cents of every dollar |
| The food and fiber marketing system accounts for what percent of the US labor force? | 20-25% |
| In Michigan, which commodity accounts for the highest cash receipts? | Milk |
| The top US fast food chain restaurant, based on value of sale is: | McDonald's |
| What is the largest use of sugar in the US? | Bakery & cereal manufacturers |
| T or F Nearly 90% of US Cereal is produced by the 4 largest food manufacturers | True |
| T or F The largest grocery retailer in the US is Kroger | False |
| T or F Anheuser-Busch is one of the largest buyers of rice in the US | True |
| T or F About 160,000 farms produce most of the food we eat | True |
| T or F Cocoa-Cola out sells pepsi | True |
| T or F Brazil has the worlds largest Ethanol industrty | True |
| T or F The worlds busiest McDonald's is in Tokyo, Japan | False (Russia) |
| T or F If the price of milk doubles at the farm level, then one would expect the retail price of products made from milk, such as ice cream, to double as well | False |
| T or F Nearly 1/3 of all food produced for human consumption is lost or wasted | True |
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