Mechanization of agriculture has:
A) eliminated millions of agricultural jobs
B) been due to relative price changes
C) results in larger farms
D) all of the other answers
Correct Answer:
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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
Q47: Suppose that Congress increased the minimum wage
Q49: Resources are:
A) plentiful
B) used to produce inputs
C)
Q50: If the price of corn increases relative
Q51: Define the term, "scarcity," and explain why
Q52: Explain how economists use the concept of
Q53: Briefly explain how resources are allocated in:
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