Question

1. All of the following contributed to the tremendous decline in the agricultural employment share EXCEPT...

1. All of the following contributed to the tremendous decline in the agricultural employment share EXCEPT

a. mechanization.

b.biological innovations.

c.high price elasticity of demand for food.

d. low income elasticity of demand for food.

2. All of the following were characteristics of the American system of manufacturing EXCEPT

a. Group of answer choices

b. highly standardized goods

c. produced with specialized machines

d. interchangeable component parts

e. assembly-line production

Homework Answers

Answer #1

1.

Low income elasticity means that as the income of the consumer rises, the demand for food rises by a lesser rate than the rise in income.

In other words, as the person's income increases by 1 unit, she will spend lesser than a unit of her income on food consumption.

Now this doesn't have anything to do with the agricultural employment share.

So option d is the answer.

2.

Note that options b, c , d and e are all the various features of the American manufacturing system.

Hence, option a is the answer because it has no relation with the manufacturing system in America.

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