Which of the Following Statements About Agriculture in the U

question 21

Multiple Choice

Which of the following statements about agriculture in the U.S.is correct?

• A)Technological improvements typically increase both supply and revenue for individual farmers.
• B)Technological improvements that increased supply,coupled with inelastic demand for foodstuffs,explain why the number of farmers has decreased dramatically over the last century.
• C)Because technological improvements increase the supply of a product for which demand is inelastic,an individual farmer would be better off not adopting the new technology.
• D)All of the above are correct.

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Definitions:

Line Of Sight

A direct visual path between a transmitting and receiving antenna, used in various communication and telecommunication systems, necessary for effective signal transmission.

Radio

A technology that uses radio waves for communication by transmitting and receiving sounds, such as music and voice, over distances without wires.

Satellite

An artificial object placed into orbit around the Earth or another planet in order to collect information or for communication.

Fiber

A type of material used in various industries, or short for optical fiber, a technology used for transmitting information as pulses of light along strands of glass or plastic.