The agricultural nation of Luckidom is attempting to answer the three fundamental economic questions. Develop the three questions as they relate to this nation.

A. 1. Should we produce more wheat and fewer soybeans? 2. Should we farm with equipment or by hand? 3. Do the farmers or the governors receive a higher salary?
B. 1. Should we farm with equipment or by hand? 2. Do the farmers or the governors receive a higher salary? 3. Should we grow near the riverbed or by the coast?
C. 1. Do the farmers or the governors receive a higher salary? 2. Should we grow near the riverbed or by the coast? 3. Should we produce more wheat and fewer soybeans? 
D. 1. Should we grow near the riverbed or by the coast? 2. Should we produce more wheat and fewer soybeans? 3. Should we farm with equipment or by hand?

Answer: A

Economics

You might also like to view...

The figure above shows the market for coffee. When the efficient quantity of coffee is produced, the marginal social benefit from the last pound is

A) $1.00. B) $2.50. C) $3.00. D) $4.00.

Economics

In Argentina, agricultural production is directly related to

A) government subsidies. B) price controls. C) import tariffs. D) well-defined property rights..

Economics