Farming Profits Fell Between 1979 and 1983 Because of All

question 2

Multiple Choice

Farming profits fell between 1979 and 1983 because of all of the following except

• A)Declining land values.
• B)Rising interest rates.
• C)Increasing exports.
• D)Rising fuel prices.

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Definitions:

Hourly Wage Rate

The rate of pay given to employees per hour worked, often used to calculate earnings for part-time or casual work.

Production Technology

This term refers to the methods and processes used to create goods and services, incorporating tools, machinery, techniques, and knowledge.

Labor Intensive

Describing industries or processes that require a large amount of labor to produce goods or services, often associated with higher employment but lower capital investment.

Alternative Technologies

Refers to the different methods, tools, or systems that can be used as substitutes to achieve the same goal or perform the same function in a process.