The "Green Revolution" Refers to Which of the Following

question 35

Multiple Choice

The "green revolution" refers to which of the following?

• A)Genetically modified crops intended to improve food yields, especially on marginal farmlands
• B)The rise of environmentally conscious political parties in Europe
• C)A trend from the 1990s of embracing consumerism and materialism in the West

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Definitions:

Equilibrium Quantity

The level of output at which demand and supply in the market balance perfectly, setting the stage for stable prices unless external factors intervene.

Demand Schedule

A table or graph showing the quantity of a good that consumers are willing to purchase at various prices.

Supply Schedule

A table or graph that shows the quantity of goods that producers are willing and able to supply at various prices over a specified period.

Equilibrium Price

The market price at which the quantity of a good supplied is equal to the quantity demanded.