The Parity Ratio

question 133

Multiple Choice

The parity ratio

• A) compares worker productivity in the farm and nonfarm sectors.
• B) is the ratio of per capita farm income to per capita nonfarm income.
• C) is the ratio of prices received by farmers to prices paid by farmers.
• D) is the ratio of prices paid by farmers to prices received by farmers.

---

Definitions:

Nominal Damages

A small amount of money awarded to a plaintiff in a lawsuit to recognize a legal right was violated, without substantial loss or damage occurring.

Trivial Damages

Refers to minimal or insignificant compensation awarded when a legal wrong has occurred, but the plaintiff has not experienced substantial harm.

Negligence Tort

A legal claim arising from injuries or damages caused by a person's carelessness or failure to take reasonable care.

Reasonable Risk

Reasonable risk involves a risk level that a prudent person would consider acceptable in order to achieve a specific benefit or goal.