Technological change in agriculture is a result of:
A) a change in relative prices
B) research at agricultural Universities
C) management skills
D) none of the other answers
Correct Answer:
Verified
Q32: A Production Possibilities Frontier (curve) represents:
A) how
Q33: If all resources are used to produce
Q34: If all resources are used to produce
Q35: Productive efficiency is found:
A) on PPF
B) on
Q36: Technological change in the good located on
Q38: If the price of an output increases,
Q39: The MRPS is:
A) the rate at that
Q40: In equilibrium:
A) MRPS = slope of isorevenue
Q41: The MRPS is equal to:
A) ΔY2/ΔY1
B) ΔX2/ΔX1
C)
Q42: The isorevenue line is:
A) a line depicting
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