Large scale family farms represent about 10% of all farms and produce:
a. Over half of the value of farm production
b. About 10% of the value of production
c. Less than 10% of the value of production
d. About 20% of the value of production
a. Over half of the value of farm production
Economics
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Refer to the table. For the open economy, the equilibrium GDP and the multiplier are:
Complete the following table and answer the question on the basis of the resulting data. All figures are in billions of dollars.
A. $300 and 2.5.
B. $450 and 5.
C. $400 and 4.
D. $400 and 5.
Economics
The lowest possible elasticity shown here is
A. 10. B. 1.0. C. 0.1. D. 0.001.
Economics