Which of the following is not true?
A) U.S. farms tend to be specialized rather than diversified in that about half of the U.S. farms produce just one commodity.
B) All food and beverage products are normal goods.
C) One out of every ten jobs in the U.S. economy is tied to the food and fiber industry.
D) Both A and B.
Answer: A
Economics
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Which of the following will not produce an outward shift of the production possibilities curve?
A. An upgrading of the quality of a nation's human resources. B. The reduction of unemployment. C. An increase in the quantity of a society's labor force. D. The improvement of a society's technological knowledge.
Economics
Examine the reasons employment levels remained relatively low after the Great Recession.
What will be an ideal response?
Economics