The massive consolidation of farms in the US is due to:
A) substitution of K for L
B) exports
C) increases in the standard of living
D) off-farm income
Correct Answer:
Verified
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
Q31: Microeconomics concerns:
A) the decisions of individual firms
Q32: The statement, "Gambling is legal in Nevada"
Q33: Scarcity is the fundamental concept of economics
Q34: Suppose that the demand for hamburgers in
Q35: The term, ceteris paribus, in economics means:
A)
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