croChapter.docVIP

? 2006 EconomicsInteractive Contemporary Economics  PAGE 142 Ralph Byrns Chapter 41 / 24: Economics of Agriculture  PAGE 143  PAGE 134 Chapter 41 / 24: Economics of Agriculture Chapter 41 / 24 Economics of Agriculture AM41 \ C \\ Agriculture \ 1 \\ The single largest industry in the United States is: (a) entertainment. (b) education. (c) agriculture. (d) electronics. (e) cosmetics. AM41 \ A \\ Demography \ 2 \\ Long term population movement from rural to urban areas is probably best explained by: (a) low and erratic farm incomes. (b) more rapid productivity growth in manufacturing. (c) the growth of modern unionism. (d) the physical demands of farmwork. AM41 \ C \\ Demography \ 2 \\ Small farmers often have difficulty in reducing labor costs during hard times for agriculture because: (a) corporate farmers conspire to keep migrant workers wages high. (b) agricultural unions now control the labor of most farm workers. (c) family farmers have difficulty in laying off family members. (d) the minimum wage for agriculture is higher than for industry. AM41 \ B \\ Demography \ 2 \\ Over the centuries, population has tended to migrate most strongly from: (a) the Eastern hemisphere to the Western hemisphere. (b) farming into urban or suburban areas and occupations. (c) the Southern hemisphere to the Northern hemisphere. (d) high wage areas to low wage areas. AM41 \ B \\ Technology \ 2 \\ Growth of agricultural productivity has: (a) not substantially affected U.S. economic growth. (b) freed resources to facilitate U.S. industrial growth. (c) made most U.S. farmers rich. (d) been evidence of the wisdom of U.S. agricultural policies. AM41 \ B \\ Technology \ 2 \\ Technological change in U.S. agriculture has: (a) reduced capital requirements through automation. (b) enhanced productivity and been labor-saving. (c) not changed the ratio of capital to labor in production. (d) helped preserve the small family farm. AM41 \ D \\ Equilibrium \ 2 \\ If there is a sudde