Which of the Following Is True of the Agricultural Sector

question 198

Multiple Choice

Which of the following is true of the agricultural sector in developing countries?

• A) A very small percentage of the labor force is employed in agriculture.
• B) Farm productivity is usually very low.
• C) It relies heavily on technology.
• D) It does not contribute to the exports of the countries.
• E) It accounts for a high percentage of the national income.

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Definitions:

Discount Retailers

Stores that offer products at lower prices by accepting lower margins in return for a high sales volume.

Arbitrage

The practice of taking advantage of price differences between markets to make a profit.

Vertical Contracts

Agreements between firms at different levels in the supply chain (e.g., manufacturer and retailer) to govern the terms of sale or purchase.

Costly Activities

Actions or processes that require a significant amount of resources, such as time, money, or effort.