Which of the Following Is Not Characteristic of Industrial Agriculture

question 18

Multiple Choice

Which of the following is not characteristic of industrial agriculture?

• A)increased use of technology
• B)increased use of capital
• C)increased use of energy
• D)increased sustainability
• E)increased production

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Definitions:

Short Run

In economics, a period in which at least one input, such as plant size, cannot be changed; distinct from the long run where all inputs can be varied.

Long Run

A period in economics during which all factors of production and costs are variable, allowing for full adjustment to changes.

Perfectly Elastic

Describes a situation where the quantity demanded or supplied changes by an unlimited amount in response to any change in price.

Competitive Firm

A business that operates in a market with many buyers and sellers, where the company does not have the market power to set prices.