Multiple Choice
If farm price supports gave farmers 80 percent parity in 1950 and 60 percent parity in 1975, then we know that
A) the ratio of farm income to nonfarm income was higher in 1975 than in 1950
B) the ratio of farm income to nonfarm income was higher in 1950 than in 1975
C) the ratio of farm prices to nonfarm prices was higher in 1975 than in 1950
D) the ratio of farm prices to nonfarm prices was higher in 1950 than in 1975
E) farmers were better off in 1975 than in 1950
Correct Answer:
Verified
Correct Answer:
Verified
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