Which of the following statement(s) is (are) false?
A) The number of U.S. farms at present is about 2 million.
B) At present, most U.S. farms are organized as partnerships and corporations.
C) The average size of U.S. farms is between 800 and 1,000 acres.
D) Both B and C.
Answer: D
You might also like to view...
Which of the following taxes contributed the greatest percentage of total federal government tax revenues in recent years?
a. Individual income taxes. b. Corporate income taxes. c. Social Security taxes. d. Excise taxes.
In an economy with persistent inflation,
a. real GDP will grow faster than nominal GDP. b. nominal GDP will grow faster than real GDP. c. nominal and real GDP will grow at the same rate. d. nominal and real GDP will both fall.
Why would a macroeconomist look at the seasonally adjusted unemployment rate?
a. to observe underlying trends that seasonal unemployment might obscure b. to understand the effect of seasonal unemployment on other types of unemployment c. to observe how weather affects the unemployment rate in different years d. to prove that seasonal unemployment is negligible in terms of affecting the unemployment rate
"Cheap foreign wages" is a poor argument for protection because it fails to recognize the importance of productivity. Which of the following does NOT contribute to increasing productivity?
A) Education and training B) Government subsidies C) Infrastructure D) Capital