Which of the following statements about U.S. farm exports as a percentage of farm output is false?
A) It has been on an upward general trend since 1950.
B) It has been fluctuating, contributing to the instability of the demand for U.S. farm output.
C) It has been declining since 1950.
D) It has been hovering around 33 percent in recent years (the period 2008-2014) .
Correct Answer:
Verified
Q108: If the demand curve for wheat is
Q109: The amount of capital used per farmworker
Q110: The price elasticity of demand for food
Q111: The U.S. Department of Agriculture's productivity index
Q112: Incomes of U.S. farmers tend to be
Q114: Which statement best characterizes the long-run decline
Q115: Fixed costs faced by farmers typically include
Q116: When increases in the supply of an
Q117: The inelastic demand for agricultural products means
Q118: One reason for the year-to-year instability of
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents