Agriculture's share of total output in the U.S. has declined throughout the 20th century, although the absolute value of farm output has increased. The number of U.S. farms grew in the early part of the century, then began to steadily fall. The number of U.S. farms peaked in which of the following decades?
a. 1910–1919
b. 1970–1979
c. 1930–1939
d. 1950–1959
e. 1980–1999
C
Economics
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Why is the profitability of firms under perfect competition different when they have non-identical cost structures in comparison to identical cost structures?
What will be an ideal response?
Economics
Off-budget expenditures are a recent phenomenon, originating during World War I
a. True b. False
Economics