Between 1994 and 2015, farmland prices were
A. curiously unrelated to commodity (particularly corn and soybean) prices.
B. decreasing sharply.
C. closely related to commodity (particularly corn and soybean) prices.
D. decreasing slowly.
Answer: C
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Refer to the scenario above. Which investment option will a risk-seeking individual choose?
A) He will choose to invest in Option A. B) He will choose to invest in Option B. C) He will choose to invest in Option C. D) He will be indifferent in investing in any of the three options.
If capital per hour of labor decreases, real GDP per hour of labor
A) decreases because the level of technology decreases. B) increases because the level of technology increases. C) increases for a given level of technology. D) decreases for a given level of technology.
Explain how the marginal product and average product of labor change as the labor employed increases (a) initially and (b) eventually
What will be an ideal response?
The limitations on purely voluntary exchange created by positive externalities