How Did Most Farmers Respond to Falling Crop Prices at the End

question 80

Multiple Choice

How did most farmers respond to falling crop prices at the end of the nineteenth century?

• A) They voluntarily grew fewer crops to decrease the supply and raise the value of the crops that they did sell.
• B) They grew still more crops in order to make ends meet, tragically lowering the price of crops even more by increasing the supply.
• C) They petitioned the government to buy up surplus crops to ensure that demand remained proportional to the supply.
• D) They petitioned Congress to raise tariffs on imports from abroad to reduce international competition.
• E) They hired immigrant laborers who would work for little money to harvest their crops and reduce their overhead.

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Definitions:

Two-Sample T Test

A statistical analysis used to compare the means of two independent samples to determine if there is a statistically significant difference between them.

Pooled Estimate

A method to estimate a combined variance from two or more groups that assumes the groups have the same variance.

F Test

A statistical test used to determine if there are significant differences between the variances of two or more samples.

Experimental Procedures

Experimental procedures are systematic processes followed in scientific research to test hypotheses by manipulating and controlling variables.