Last Year Pat Was a Soybean Farmer and Chris Was

question 19

Multiple Choice

Last year Pat was a soybean farmer and Chris was a corn farmer.This year,high demand for ethanol,an automobile fuel made from corn,causes the price of corn to increase.
Refer to the information above.Suppose Pat stopped growing soybeans and began growing corn.What principle would explain that change?

• A)The principle of comparative advantage.
• B)The scarcity principle.
• C)The incentive principle.
• D)The equilibrium principle.

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Definitions:

Realism

An artistic, literary, and intellectual movement that rejects idealization, focusing on depicting subjects as they are perceived in everyday life.

Religious Order

An organization of individuals who live under religious vows and dedicate their lives to spiritual goals, following a specific set of rules.

Martin Luther

A seminal figure in the Protestant Reformation, known for his criticisms of the Roman Catholic Church and the posting of his 95 Theses in 1517.

Act of Supremacy

The 1534 legislation passed by the English Parliament that recognized Henry VIII as the Supreme Head of the Church of England, marking the start of the English Reformation.