With Crisis Comes Opportunity

question 50

True/False

With crisis comes opportunity.

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Definitions:

U.S. Agriculture

The sector of the United States economy that deals with the production of plants and animals for food, fiber, and other products.

Farm Share

The portion of the final retail price of agricultural products that goes back to the farmers.

U.S. GDP

U.S. Gross Domestic Product reflects the total monetary or market value of all the finished goods and services produced within the United States' borders in a specific time period.

Income Inelastic

A characteristic of a good whose demand does not significantly change as the income of consumers changes.