One Unintended Consequence of the Various Attempts to Restrict Farm

question 142

Multiple Choice

One unintended consequence of the various attempts to restrict farm acreage was that

• A)output generally decreased,price increased,and farmers earned higher incomes.
• B)individual farmers intensified their efforts to harvest crops from the land still under cultivation.
• C)farmers' incomes remained constant in real terms.
• D)the land that was set aside became less productive.

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Definitions:

Journal Entry

A record in the books of accounts that represents each business transaction, detailing the accounts and amounts to be debited and credited.

Debit

An entry recorded on the left side of an accounting ledger that increases an asset or expense account, or decreases equity, liability, or revenue accounts.

Credit

An accounting entry that either increases a liability or equity account, or decreases an asset or expense account.

Internal Report

Documents generated within an organization for the purpose of informing internal stakeholders about business performance and operations.