Which of the Following Statements Applies to  Market Farming

question 29

Multiple Choice

Which of the following statements applies to  market farming ?

• A)The ratio of grain harvested to seed sown was 3 to 1.
• B)Market farming produced crops for village subsistence.
• C)Crops were produced for an urban market.
• D)Farmers made intensive use of manure fertilizer in the fields.
• E)One-half of the growing fields lay fallow.

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Definitions:

Basis

The difference between the spot price of an asset and its future price, or the cost basis of an investment.

Futures Price

The agreed price for the future delivery of assets in a futures contract.

Spot Price

The current market price at which a particular asset, like commodities, currencies, or securities, can be bought or sold immediately.

Profit

The financial gain realized when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.