For Nearly 50 Years,a Farmer Has Raised Corn and Soybeans

question 37

Multiple Choice

For nearly 50 years,a farmer has raised corn and soybeans on his family's 1,000-acre farm by a river.Now in retirement,the farmer wants to return the farmland to its natural state as a wetland in the floodplain of the river.The farmer will most need the services of

• A)a crop scientist.
• B)a restoration ecologist and data from LTER projects.
• C)an agricultural engineer with training in successional dynamics.
• D)a functional morphologist.

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Definitions:

Allocate Resources

The process of distributing available resources, whether material, financial, or human, among competing demands and uses in an efficient manner.

Willingness to Pay

The maximum amount a consumer is ready to spend for a good or service.

Surplus

The situation where the quantity supplied of a product exceeds the quantity demanded at a given price.

Negative Externality

An economic situation where a third party is negatively affected by the actions of others, typically not reflected in the cost of those actions, such as pollution.