In Developing Countries,farm Productivity Is Low Because _____

question 81

Multiple Choice

In developing countries,farm productivity is low because _____.

• A)half of the labor force is involved in industrial activities
• B)half of the labor force is involved in the service sector
• C)more than half of the population consists of old people
• D)farming methods are generally primitive.
• E)people prefer leisure over working

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Definitions:

Active Income/Loss

Income or losses generated from direct business activities or employment, as opposed to passive income from investments.

Passive Income/Loss

Earnings from rental property, limited partnerships, or other enterprises in which the individual is not actively involved.

Passive Activity Loss Rules

Regulations that limit the amount of losses taxpayers can deduct from passive activities, such as rental properties, against other income.

At-Risk Rules

Tax regulations limiting the amount of deductible losses from certain types of investments to the amount actually at risk.