Details

Title: Agriculture Economics

Description: agriculture economics, supply, demand, marginal analysis

Total Flash Cards: 16

Created: 03/01/2011 20:04:16

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Additional Agriculture Flashcards

Cards in this set:

Term
Farming comprises what percent of US GDP?
 Definition
.7%
Term
the entire food and fiber system comprises what percent of US GDP?
 Definition
12.3%
Term
Farming comprises what share of US employment?
 Definition
1.4%
Term
the entire food and fiber system comprises what percent of US employment?
 Definition
16.7%
Term
What is the largest sector fo the US economy?
 Definition
services 80%
Term
What continent is the agriculture sector most important?
 Definition
Africa
Term
Since 1975, the number of farms in the U.s have...
 Definition
decreased
Term
Since 1975, the average size of farms in the U.S have
 Definition
increased
Term
Agriculture production in the U.S is highly concentrated?
 Definition
true
Term
In the Us, The largest.....percent of farms account for ...percent of total sales
 Definition
2, 50
Term
Farms in the U.S tend to be socialized?
 Definition
true
Term
.....percent of farms produce just one commodity
 Definition
50
Term
"off farm" employment is signifigant in the US
 Definition
true
Term
About...percent of farm operstors in the Us are either retired or part time farmers
 Definition
60
Term
Three examples of farm input are
 Definition
capital, land, labor
Term
Farming in the Us is relatively capital intensive
 Definition
true