The food and fiber industry today accounts for roughly what percent of GDP in the United States?

A) 8 to 11 percent B) 16 to 20 percent C) 12 to 15 percent D) 4 to 7 percent

Answer: C

Economics

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A point inside a production possibilities curve reflects

a. the law of increasing costs b. technological innovation c. less than full use of resources and technology d. economic efficiency e. a way to increase future economic growth

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