The price of cattle assumes:
A) different qualities of livestock
B) the same quality of livestock
C) different corn qualities used in cattle production
D) relative prices are held constant
Correct Answer:
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Q39: The payment to management is:
A) interest
B) profit
C)
Q40: A command economy could NOT be:
A) a
Q41: Most farm families:
A) rely on off-farm income
B)
Q42: Agriculture is:
A) global in nature
B) local in
Q43: If the price of corn increases, then:
A)
Q45: When the price of gasoline increases, ceteris
Q46: Economics assumes that all business firms desire
Q47: Suppose that Congress increased the minimum wage
Q48: Mechanization of agriculture has:
A) eliminated millions of
Q49: Resources are:
A) plentiful
B) used to produce inputs
C)
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