How have changes in farming technology influenced the United States over time?
a. The economy has come to rely on imports for most of its agricultural products.
b. A much larger percentage of total resources has been shifted to farming.
c. They have allowed a much higher percentage of people to find jobs in the agricultural industry.
d. The percentage of people who farm has dropped to a small fraction of what it once was.
d. The percentage of people who farm has dropped to a small fraction of what it once was.
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If the marginal utility of a product is diminishing relative to the marginal utility of other products, then _____
a. the consumer is in equilibrium b. the consumer has been purchasing relatively less of the product c. the consumer has been purchasing relatively more of the product d. the price of the product must have increased e. the price of the product must have decreased
Refer to the figure at right. What can we say about economic? rent?
A. Economic rent equals the area HJKO B. Economic rent equals the area HJI C. Economic rent equals the area IJK0 D. There is no economic rent represented in the figure
Higher rates of productivity growth are most closely associated with higher rates of
a. consumer spending. b. investment spending. c. government spending. d. import spending.
Which amendment to the U.S. Constitution protects against unreasonable searches and seizures?
A) First Amendment B) Second Amendment C) Fourth Amendment D) Fifth Amendment