Which of the Following Is True About Farming During the Great

question 46

Multiple Choice

Which of the following is true about farming during the Great Depression?

• A) Consumer demand fell, but production rose, generating great drops in prices.
• B) Consumer demand for some products rose, but farmers were unable to produce more.
• C) Farmers were not hit very hard during the Depression, since they were self-sufficient.
• D) Farmers actually saw their income rise over the course of the Depression.

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Definitions:

Short Run

A period in which at least one input or resource is fixed, limiting the capacity to adjust all factors of production.

Increasing Returns

The situation in which output increases by a larger proportion than the increase in inputs used in production.

Workers

Individuals who perform tasks or work for compensation, typically within the structure of employment by organizations or companies.

Marginal Product

The increase in output that results from employing one more unit of a particular input, holding all other inputs constant.