If the price of organic food decreases relative to food produced with chemicals, then:
A) farmers will plant more acres to organic and conventional food
B) farmers will plant more acres to organic food
C) farmers will plant more acres to conventional food
D) farmers will continue to grow what they always have
Correct Answer:
Verified
Q19: A market economy:
A) allocates good by prices
B)
Q20: Scarcity:
A) is the fundamental principle of economics
B)
Q21: If China continues to have high rates
Q22: The relationship between the price of a
Q23: Total Revenues are equal to:
A) price times
Q25: A phone call is an example of
Q26: North Korea is an example of a:
A)
Q27: Economics exists because of:
A) markets
B) resources
C) production
D)
Q28: Economics:
A) helps us make business, career, and
Q29: In a command economy, resources are allocated
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