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When a Farmer Decides to Harvest Lettuce Using Machines Instead

question 5

Multiple Choice

When a farmer decides to harvest lettuce using machines instead of migrant workers, the farmer is answering the ________ part of one of the two big economic questions.


Definitions:

Equilibrium Price

The market price at which the quantity of an item supplied is equal to the quantity demanded.

Fine Imposed

A monetary penalty levied by an authority on individuals or entities as punishment for violations of legal rules or regulations.

Interest Rate

The cost of borrowing money or the compensation for the service and risk of lending money, usually expressed as a percentage.

Plaster

A mixture of water, lime, or cement, and sand, used to coat walls and ceilings for a smooth or decorative finish.

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