Most farm families:
A) rely on off-farm income
B) are full-time farmers
C) have lower levels of wealth relative to nonfarm families
D) have a large number of children relative to nonfarm families
Correct Answer:
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Q36: The payment to land is:
A) rent
B) profit
C)
Q37: The US is an example of:
A) a
Q38: A noneconomic good is also called:
A) a
Q39: The payment to management is:
A) interest
B) profit
C)
Q40: A command economy could NOT be:
A) a
Q42: Agriculture is:
A) global in nature
B) local in
Q43: If the price of corn increases, then:
A)
Q44: The price of cattle assumes:
A) different qualities
Q45: When the price of gasoline increases, ceteris
Q46: Economics assumes that all business firms desire
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