Which of the Following Statements Is Correct

question 66

Multiple Choice

Which of the following statements is correct?

• A) The parity ratio has not exceeded 100 in the 20th or 21st century.
• B) An increase in prices paid by farmers relative to prices received by farmers will increase the parity ratio.
• C) The parity ratio has generally been greater than 100 in the past four decades.
• D) The parity ratio has generally declined over the past five decades.

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Definitions:

Low-productivity Workers

Employees who produce less output than the average worker within a certain period.

Utility Function

Describes the relationship between the quantities of goods consumed and the level of satisfaction or utility derived from those goods by a consumer.

Consumption H

This term is unclear without additional context but could imply a specific form of consumption denoted by "H."

Pooling Equilibrium

A situation in game theory where different types with different information are indistinguishable to others, leading to a common action or outcome.