An increase in fuel prices resulted in higher costs in agriculture during the 1980s.
Answer the following statement true (T) or false (F)
True
Profits fell abruptly because of higher fuel and fertilizer costs, higher interest rates, declining land values, and declining exports.
Economics
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Of all the points on the production possibilities curve, only one point represents an efficient point
a. True b. False Indicate whether the statement is true or false
Economics
Price elasticity of supply is a measure of the relative responsiveness of the change in price to a change in quantity supplied
a. True b. False Indicate whether the statement is true or false
Economics