Increased Productivity in the Agricultural Sector Is Not Always a Benefit

question 147

Multiple Choice

Increased productivity in the agricultural sector is not always a benefit to farmers because it is accompanied by

• A)lower prices and if demand is inelastic,lower prices mean lower revenues.
• B)higher prices and if demand is elastic,higher prices mean lower revenues.
• C)lower prices and if demand is elastic,lower prices mean lower revenues.
• D)higher prices and if demand is inelastic,higher prices mean lower revenues.

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Definitions:

Unadjusted Trial Balance

A financial report that lists all the accounts and their balances from the ledger before any adjusting entries are made, used to verify the equality of debits and credits.

Ending Accounts Receivable

Ending accounts receivable is the amount of money owed to a company by its customers for goods or services delivered but not yet paid for at the end of an accounting period.

Maturity Date

The date on which the principal amount of a bond, loan, or other financial instrument becomes due and payable.

Amount Due

The total sum of money owed for goods or services provided, payable by a certain date.