In Recent Years, the Number of Farms Has Fallen While

question 18

Multiple Choice

In recent years, the number of farms has fallen while the average farm size has increased. What concept may explain this phenomenon?

• A) diminishing marginal returns
• B) declining productivity
• C) diseconomies of scale
• D) economies of scale
• E) good weather in midwestern states

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Definitions:

International Sale Of Goods

The sale transaction of goods between parties located in different countries, governed by various international laws and conventions.

Consequential Damages

Indirect losses or damages that result from a breach of contract, beyond the immediate harm.

Nonconformity

The failure of a product or service to meet specified standards or expectations.

Revoke Acceptance

The act of retracting approval of a contract or agreement, particularly in circumstances where the offered goods or services are found to be substantially non-conforming.