Which Statement About World Grain Production Is TRUE

question 46

Multiple Choice

Which statement about world grain production is TRUE?

• A)It has been a subject of easy agreement in global trade talks.
• B)It has become an insignificant commodity in international trade.
• C)Since the 1970s,production has not kept pace with population growth.
• D)Since the 1970s,production has outpaced population growth.

---

Definitions:

Economic Theory

A set of principles and models that explain how economies function and how economic agents interact.

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good that suppliers are willing to offer for sale at those prices.

Demand Curve

A graph that shows the relationship between the price of a good and the quantity of that good that consumers are willing to purchase.

Ceteris Paribus

A Latin phrase meaning "all other things being equal," used in economics to isolate the effect of one variable change.