Extensive agricultural cultivation from 1870 to 1910, as described by Hughes and Cain (2011), meant that
(a) there could be no increase in agricultural output per man hour.
(b) the percentage increase in acreage under cultivation and the percentage increase
in agricultural output was roughly the same.
(c) the proportion of the labor force in agriculture steadily increased.
(d) all of the above were true.
(b)
Economics
You might also like to view...
If two countries specialize in the production of goods in which they have a comparative advantage, they can experience gains from trade
Indicate whether the statement is true or false
Economics
In general, a higher real wage rate decreases the quantity of labor supplied because fewer people enter the labor force
Indicate whether the statement is true or false
Economics