Agricultural price analysis questions.

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#	Question
1	Define policy Short answers
2	Distinguish between government and state Short answers
3	Mention causes of market failure Short answers
4	Mention the causes of state failure Short answers
5	It is not from the benevolence of the butcher, the brewer, or the baker, that we expect our dinner, but from their regard to their own interest. We address ourselves not to their humanity but to their self-love and never talk to them of our own necessities but of their advantages. what is the name of the author and the book from which this quotation was obtained? What does the statement mean? Short answers
6	What do you understand by the following terms as used in agricultural price analysis consumer demand marketing margin price index agricultural policy Proxy variable Short answers
7	Differentiate between the following concepts Private prices and social prices Sector policies and Macro policies Tradable and no-tradable commodities Speculative demand and derived demand Black market rate and auction rate Short answers
8	What are the shortcomings of Price analysis matrix (PAM)?. Short answers
9	How do prices influence the observed resource allocation pattern and decisions of producers and consumers? Short answers
10	Explain how you would characterize the effects of demestic price distortions. Short answers

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