Answer the following questions true (T) or false (F)
1. U.S. farms tend to be diversified rather than specialized.
2. One out of every six jobs in the U.S. economy is tied to the food and fiber sector.
3. The share of the food dollar for food eaten at home is slightly more than 50%.
1. FALSE
2. TRUE
3. TRUE
You might also like to view...
Use the data in the table below to answer the following question.PriceQuantity Demanded$201218171620142412301036840644448The price elasticity of demand (based on the midpoint formula) when price increases from $10 to $12 is
A. -1.37. B. -0.33. C. -1. D. -3.29.
To understand why someone cannot get a job, it helps to know the three types of unemployment. List the three types of unemployment and explain what causes each type
What advice for finding a job would be appropriate for someone in each type of unemployment?
The many goods and services that are sold below the radar, outside of official records take place in the:
A. illegal economy. B. soft market. C. underground economy. D. None of these statements is true.
In Figure 1.9 the slope of the line is
A. Equal to zero at all points. B. The same at points J and K. C. Greater at point M than point L. D. Greater at point K than point L.