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A Worldwide Increase in Farm Output Resulted in __ Family Farms Flourishing on the Plains a Drop in Prices for Most Agricultural Goods

Problemas

A worldwide Increase in farm output resulted in __ family farms flourishing on the plains a drop in prices for most agricultural goods extreme wealth for most commerclal farmers the extinction of the plains farmer

Roztwór

Alejandro élite · Tutor durante 8 años
Weryfikacja ekspertów
4 (232 Votos)

Respuesta

'B' - a drop in prices for most agricultural goods.

Explicación

## Step 1The problem is asking us to identify the most likely outcome of a worldwide increase in farm output. This is a question about the economic implications of increased agricultural production.## Step 2When farm output increases worldwide, it means that there is an excess of agricultural goods available in the market. This excess supply, in accordance with the law of supply and demand, leads to a decrease in the prices of these goods.## Step 3The other options provided, such as family farms flourishing on the plains, extreme wealth for most commercial farmers, and the extinction of the plains farmers, are not the most likely outcomes of increased farm output. These outcomes are more related to the distribution of wealth and the survival of farmers, which are not directly linked to the increase in farm output.