Which of the Following Statements Best Describes the Parity Concept

question 46

Multiple Choice

Which of the following statements best describes the parity concept?

• A) The prices of farm commodities should vary inversely with changes in the prices-paid index for farmers.
• B) Because of productivity increases, farmers are entitled to the same real income for a smaller volume of output.
• C) The money incomes of farmers should always be the same, regardless of increases or decreases in the prices of the products they buy.
• D) The production of a given real output entitles the producer to the same real income over time.

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Definitions:

Alopecia

A condition characterized by hair loss from the scalp or body, which can be temporary or permanent.

Lanugo

Fine, soft hair, especially that which covers the body and limbs of a newborn human.

Icteric Sclera

The yellowing of the whites of the eyes, which is a symptom of jaundice resulting from elevated bilirubin levels in the blood.

Bilirubin

A yellow compound that occurs in the normal catabolic pathway that breaks down heme in vertebrates. Its levels are measured to assess liver function.