Which of the following is not characteristic of U.S.agriculture?
A) Productivity has been increasing more slowly in agriculture than in the rest of the economy.
B) The demand for agricultural commodities increases less than proportionate to increases in income.
C) Resources in agriculture are relatively immobile.
D) Demand is inelastic with respect to price.
Correct Answer:
Verified
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A) reduced both
Q22: Which of the following statements is correct?
A)
Q23: Which of the following is correct?
A) The
Q30: Measured in terms of farm employment and
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Q33: Which of the following arguments is not
Q34: One consequence of the long-run problem faced
Q35: The parity ratio
A) compares worker productivity in
Q38: If the prices paid by farmers increase
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