One Reason the Price of Food Has Risen Worldwide Is

question 34

Multiple Choice

One reason the price of food has risen worldwide is

• A) the price of energy has increased.
• B) fertilizer prices never rose to keep up with market demand.
• C) less demand for food worldwide, thereby increasing prices.
• D) flat or diminishing demand for nitrogen, thereby increasing prices.

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Definitions:

Economies of Scale

The cost advantages that enterprises obtain due to their scale of operation, typically resulting in the reduction of cost per unit.

Aircraft Production

The process and industry involved in designing, manufacturing, and assembling aircraft.

Newspaper Printing

The process of mass-producing copies of a newspaper document, whereby the news and other data are printed onto papers.

Economies of Scale

The cost advantage that arises with increased output of a product, where the average cost per unit decreases as the scale of production rises.