Multiple Choice
Which of the following is not characteristic of U.S. agriculture?
A) Productivity has been increasing more slowly in agriculture than in the rest of the economy.
B) The demand for agricultural commodities increases less than proportionately to increases in income.
C) Resources in agriculture are relatively immobile.
D) Demand is inelastic with respect to price.
Correct Answer:
Verified
Correct Answer:
Verified
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