Between 1870-1910, Quantitative Evidence Shows Very Little, If Any Growth

question 27

Multiple Choice

Between 1870-1910, quantitative evidence shows very little, if any growth in bushels produced per acre for crops like corn and wheat. Which of the following statements correctly depicts the situation of farmers during this period?

• A) Although output per acre was not growing, increased labor productivity allowed farmers to earn profits.
• B) Farmers exited corn and wheat production due to lack of profits in these crops.
• C) Because output per acre was not growing, farmers were forced to produce corn and wheat on farms of 60 acres or less.
• D) Corn and wheat production became concentrated in the Great Lakes region, where small farms were common after the Civil War.

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Definitions:

End-User

The ultimate consumer of a product or service, who uses it for its intended purpose.

Forecasted Profit

An estimate or prediction of the financial gain or profit that a business expects to make in a future period.

Buying Decision

The process of making a choice among available alternatives that culminates in the purchase of a product or service.

Mental Step

A stage in cognitive processing or decision-making, often used to describe phases in the buying process of consumers.