Measured in Terms of Farm Employment and the Number of Farms

question 140

Multiple Choice

Measured in terms of farm employment and the number of farms, agriculture has been

• A)a declining industry.
• B)an expanding industry.
• C)a stable industry.
• D)a volatile industry.

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Definitions:

Indifference Curve

A graphical representation showing combinations of goods or services that provide the same level of satisfaction to a consumer.

Apples

Edible fruits from the Malus domestica tree, characterized by their sweet taste and variety of colors, and consumed worldwide.

Bananas

A type of elongated, edible fruit produced by various kinds of large herbaceous flowering plants in the genus Musa.

Perfect Substitute

Goods that a consumer perceives as identical in utility, meaning the consumer is willing to substitute them for one another at a constant rate.