Answer the following statement true (T) or false (F)
1) U.S. exports of farm products have generally declined as a percentage of U.S. farm output
over the past half-century.
2) Increases in incomes usually result in more than proportionate increases in the demand for
agricultural products in a growing economy.
3) Agriculture is overcrowded because of absolute and relative increases in the size of farm
employment.
4) About 10 percent of the U.S. labor force is in agriculture.
1) F
2) F
3) F
4) F
You might also like to view...
Electric utilities are often considered natural monopolies and are regulated
When would the price be highest: when the utility is not regulated, when it is regulated using an average cost pricing rule, or when it is regulated using a marginal cost pricing rule? When would its price be lowest?
Which of the following are substitute goods?
A) margarine and butter B) peanut butter and jelly C) pizza and beer D) sports utility vehicles and gasoline