Over the Past Twenty Years, the Number of Small Family

question 232

Multiple Choice

Over the past twenty years, the number of small family farms has fallen significantly, and in their place there are fewer, but larger, farms owned by corporations.Which of the following best explains this trend?

• A)Diseconomies of scale in farming
• B)Economies of scale in farming
• C)Diminishing returns to labour in farming
• D)Declining productivity

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Narrowcasting

The dissemination of information to a niche audience, as opposed to broadcasting to a wide audience.

Regional Music Festival

An event that features live musical performances, typically focusing on a specific genre or themes, and aimed at attracting attendees from a particular geographic region.

Outdoor Advertising

Advertising that reaches consumers while they are outside their homes, such as billboards, transit posters, and digital outdoor displays.

Cheapest Form

The most cost-effective variant or method of obtaining or producing a good or service without compromising its essential qualities.