Which of the following statements is true of sharecropping?
a. It is an inefficient arrangement if the work of the farmer is not monitored.
b. The higher the profit to the landowner, the higher the share of the farmer.
c. Both the farmer and the landowner will work to maximize farm profits.
d. The higher the profit to the landowner, the lower the share of the farmer.
A
You might also like to view...
An example of opportunity cost:
a. is the Chinese food that you gave up when you chose to eat Italian food. b. is the tuition that you pay to attend college. c. for a professor of economics is the pleasure that he or she derives from teaching economics. d. is sweets given up by a person who would never eat them even if he or she could. e. is the amount spent on buying movie tickets.
________: the economic sacrifice of not doing something else or foregoing another opportunity
Fill in the blank(s) with correct word