Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

According to the article Agriculture in the Twentieth Century, in 1930, the ratio of sales for the average farm in the top 10% was 14

According to the article "Agriculture in the Twentieth Century," in 1930, the ratio of sales for the average farm in the top 10% was 14 times that of the smallest 10%. In 1993, the ration was 152. How can this be interpreted? Group of answer choices Bigger farms are getting smaller Rich farmers are evil No possible explanation exists The reduction in the number of farms is due to concentration among few big farms which have access to more productive and expensive technology

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Economics Theory and Policy

Authors: Paul R. Krugman, Maurice Obstfeld, Marc J. Melitz

9th Edition

978-0132146654, 0132146657, 9780273754091, 978-0273754206

More Books

Students also viewed these Economics questions