Suppose the federal government builds a new flood control project that takes thousands of acres of land out of agricultural production.Which of the following is most likely to occur as a result?

Question

Quizplus · Accepted Answer

Taking thousands of acres of land out of agricultural production means that there will be less land available for farming, resulting in a decrease in the supply of agricultural goods. This decrease in supply will likely lead to a decrease in the demand for farm labor, which will lead to a decline in wages. Therefore, D is the most likely outcome. A, B, and C are unlikely outcomes as they do not follow logically from the scenario given.

Suppose the Federal Government Builds a New Flood Control Project