A) indicates a decline in farm prices due to a slowly increasing demand and a more rapidly increasing supply.
B) indicates a decline in farm prices due to a slowly increasing supply and a more rapidly increasing demand.
C) indicates an increase in farm prices due to a slowly increasing supply and a more rapidly increasing demand.
D) indicates relatively constant prices due to the fact that supply and demand were both increasing?at about the same rate.
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True/False
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Multiple Choice
A) only government action.
B) only private action.
C) a blend of government and private actions.
D) foreign expertise.
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True/False
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Multiple Choice
A) an efficient resource allocation.
B) an even distribution of resources.
C) an uneven distribution of resources.
D) a productive use of resources.
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True/False
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Multiple Choice
A) output per acre went up significantly.
B) output per man-hour went up significantly.
C) output per unit of energy input went up significantly.
D) all of the above occurred.
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Multiple Choice
A) The threat of corrupt use
B) The danger of over use
C) Free riding
D) All of the above
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Multiple Choice
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.
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A) real farm incomes fell drastically.
B) real incomes in the agricultural sector increased at a faster pace than real incomes?in manufacturing.
C) real incomes in the agricultural sector increased at relatively the same rate as real incomes?in manufacturing.
D) real incomes in the agricultural sector increased but at a slower pace than real incomes?in manufacturing.
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True/False
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A) the Desert Land Act (1877) .
B) the Interstate Commerce Commission Act (1887) .
C) the Newlands Act (1902) .
D) all of the above.
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True/False
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Multiple Choice
A) a rising labor to output ratio.
B) a rising capital to output ratio.
C) the use of marginal land to increase output.
D) a shift to more efficient crops.
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True/False
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True/False
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