(Consider This) Which of the Following Methods Is Commonly Used

question 83

Multiple Choice

(Consider This) Which of the following methods is commonly used by farmers to "smooth" income over time?

• A) producing only one crop to benefit from specialization
• B) renting land from other farmers to increase production
• C) entering contracts with buyers of their farm output to assure themselves of a fixed price
• D) All of these risk-management techniques are used to hedge against short-run price and output fluctuations.

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Definitions:

Notes on the State of Virginia

Thomas Jefferson’s 1785 book that claimed, among other things, that black people were incapable of becoming citizens and living in harmony alongside white people due to the legacy of slavery and what Jefferson believed were the “real distinctions that nature has made” between races.

Political Community

A group of people that share the same political system, values, or interests, often characterized by a common government or political organization.

U.S. Constitution

The supreme law of the United States of America, originally comprising seven articles, that delineates the national frame of government.

Fugitive Slave Clause

A provision in the U.S. Constitution (Article IV, Section 2) that required the return of runaway enslaved people to their owners.