Asked by
Arvionne Reliford
on Dec 12, 2024
Verified
Farmer Ted owned a worn-out piece of farmland for growing cotton, which he had been unable to rent for years. Suddenly he was getting offers from cotton farmers to lease his land. What is the most likely explanation of this?
A) The price of cotton went down.
B) The physical productivity of the land went up.
C) Taxes on the land went up.
D) The price of cotton went up.
Physical Productivity
A measure of the output produced (in terms of goods or services) per unit of input used (e.g., labor, raw materials) within a specific period of time.
Cotton Price
The market value at which cotton is traded.
- Assess how fluctuations in the market affect the demand for employees.
Verified Answer
RB
Learning Objectives
- Assess how fluctuations in the market affect the demand for employees.
Related questions
Which of the Following Events Could Increase the Demand for ...
Which of the Following Is a Correct Statement About the ...
A Decrease in the Marginal Product of Labor Would Be ...
Which of the Following Would Tend to Decrease the Demand ...
The Market Where Firms Purchase Factors of Production Is Referred ...