Which of the Following Statements Is False

question 53

Multiple Choice

Which of the following statements is false?

• A) Organic agriculture depletes the soil of nutrients more rapidly than conventional agriculture, because there are no fertilizer applications to replenish the soil
• B) Organic agriculture leads to healthier soils than conventional methods
• C) Organic agriculture currently accounts for less than 1 percent of the farmland in America

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Definitions:

Zero Price Elasticity

A situation where the demand for a good or service remains unchanged regardless of changes in its price.

Equilibrium Economic Rent

The excess returns to a factor of production over its opportunity cost when the market is in equilibrium, ensuring no incentive for resources to move.

Nationalization

The process by which a government takes control of a company or industry, often turning it from private to state ownership.

Scarce Resource

A resource that is limited in availability and cannot meet all demands placed on it by humans wanting unlimited access.