In Recent Years, the Number of Farms Has Fallen While

question 18

Multiple Choice

In recent years, the number of farms has fallen while the average farm size has increased. What concept may explain this phenomenon?

• A) diminishing marginal returns
• B) declining productivity
• C) diseconomies of scale
• D) economies of scale
• E) good weather in midwestern states

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Definitions:

Labour Productivity

The measure of the efficiency of a person, machine, factory, or system in converting inputs into useful outputs.

Work Hours

The specific times during which employees are expected to carry out their job duties.

Professor Productivity

This term refers to the efficiency and output of professors in academia, including teaching, research, and service activities.

Class Structure

Class structure refers to the organization of society based on social and economic divisions that influence individuals' status and opportunities.