51. Which statement(s) below is (are) TRUE? A As economic development proceeds and the terms of trade for the agricultural sector fall, the prices of agricultural goods fall relative to the prices of industrial goods. B The opportunity cost of educating the children of farming families is lower at planting and harvest time. C In labor-abundant economies such as China and India, technological development emphasizes high-yielding seed varieties and the more intensive use of water and fertilizers. U C A
51. Which statement(s) below is (are) TRUE? A As economic development proceeds and the terms of trade for the agricultural sector fall, the prices of agricultural goods fall relative to the prices of industrial goods. B The opportunity cost of educating the children of farming families is lower at planting and harvest time. C In labor-abundant economies such as China and India, technological development emphasizes high-yielding seed varieties and the more intensive use of water and fertilizers. U C A
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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