
From 1950 to 2017 the number of people who lived on farms fell from 23 million to fewer than 3 million.Which of the following factors have contributed to this trend?
A) increases in the cost of farming and a desire for young adults to move to urban areas
B) rapid growth in farm production and low income and price elasticities for food products
C) slow growth in agricultural productivity and low income elasticities for food products
D) government policies that have increased the cost of living and working on farms
Correct Answer:
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Q221: Table 6-7 Q222: Suppose a 4 percent increase in income Q223: The demand for most farm products is Q224: Between 1950 and 2017, the number of Q225: Between 1950 and 2017 the productivity of Q227: The demand for most farm products is Q228: If a soda tax is implemented and Q229: Explain the concepts of cross-price elasticity of Q230: The paradox of American farming is Q231: Suppose a frost destroys the tomato crop
A)the demand
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