Why Have Commodity Prices Fallen Since 1850

question 51

Multiple Choice

Why have commodity prices fallen since 1850?

• A) The demand for productive resources has fallen faster than the supply of those resources.
• B) The demand for productive resources has grown faster than the supply of those resources.
• C) The supply of productive resources has increased,while the demand has fallen.
• D) The supply of productive resources has grown faster than the demand for those resources.

---

Definitions:

Balance Sheet

A financial statement that displays a company’s assets, liabilities, and shareholders' equity at a specific point in time.

Multiple-Step Income Statement

An income statement that separates operating revenues and expenses from non-operating items to calculate net income in several steps.

Income From Operations

Financial gain accruing from the essential operations of an enterprise, without taking into account interest and tax deductions.

Net Income

The company's net earnings following the deduction of all expenses and taxes from its gross revenue.