Individuals who are still farmers today most likely

Assignment Help Business Economics
Reference no: EM13869018

Fewer than 2% of Americans are farmers today while 150 years ago most people were farmers. Those individuals who are still farmers today most likely have:

A. a comparative advantage in farming.

B. a relative advantage in farming.

C. no skills for manufacturing or service-related jobs.

D. no other available options.

E. A and C.

Reference no: EM13869018

Questions Cloud

How does your patient socialize : Sociocultural - includes your patient's culture. What values, heritage, and culture he or she is practicing or adhering to from their culture. How does your patient socialize
Write an essay on many deaths in society? : Write an essay on many deaths in society?
What is the relative wage rate : An American is considering relocating their Oregon facility to Nicaragua. The current exchange rate is 1 U.S. dollar (USD) to 25 Nicaragua Cordobas (NIO). The current wage rate in Nicaragua is 200 NIO per hour, and the U.S. wage rate is $15/hr. If th..
Changes in fund balance and a budgetary comparison : Prepare a balance sheet; a statement of revenues, expenditures, and changes in fund balance and a budgetary comparison schedule Prepare closing journalentries.
Individuals who are still farmers today most likely : Fewer than 2% of Americans are farmers today while 150 years ago most people were farmers. Those individuals who are still farmers today most likely have:
Explain how the differences in audience : Explain how the differences in audience
Cost to cinema owner of letting someone see movie for free : The cost to a cinema owner of letting someone see a movie for free is
The company used the cost recovery method : In 2010, the Huxley Company, a real estate company, purchased some raw land for $60,000 and resold it on credit for $90,000.
About the budget line : Tom earns $15 per hour for up to 40 hours of work each week. He is paid $30 per hour for every hour in excess of 40. Tom faces a 20% tax rate and pays $4 per hour in child care expenses for each hour he works. Tom receives $80 in child support paymen..

Reviews

Write a Review

Business Economics Questions & Answers

  Economics assignment

This document contains various important questions and their appropriate answers in the subject field of Economics.

  Demand and supply curves

Economics is the study of the principles governing the allocation of scarce means among competing ends when the objective of the allocation is to maximize the attainment of the ends.

  Long-run perfectly competitive equilibrium for the firm

Evaluate Government intervene and correct this situation?(a) Explain the concept of a concentration ratio. A rise in the price of magarine Explain the impact of external costs and external benefits on resource allocation long-run perfectly c..

  Supply and demand diagrams

Explain each of the following using supply and demand diagrams,  With the use of a graph, explain how these two programs affect cigarette consumption and the price of cigarettes.

  Case study: fisher-price toys

The case study of the Fisher-Price Toys, Inc., a popular case in basic economics and management from the prestigious Harvard Business School.

  Draw the production possibility curve

Draw the production possibility curve and a. Define consumer surplus and producer surplus.

  Tax revenue

The Australian government administers two programs that affect the market for cigarettes

  Maximize total welfare

How many tickets to sell to maximize total welfare.

  Difference between the cv and the ev

The change in consumer surplus (?CS) is not "theoretically" justifiable like the CV and EV but it continues to be the most widely used measure of consumer welfare change. Explain how this can be reconciled

  Depict von neumann-morgenstern utility index u in a diagram

Depict the von Neumann-Morgenstern utility index u in a diagram

  What is the market solution

What is the market solution (market price and quantity) and What is the total surplus of the society under the market solution

  Calculate gross national product and net national product

Calculate gross national product and net national product

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd