In: Economics
True or false?
1. If the expected profit is lower with the new technology, the farmer will never have an incentive to adopt the new technology.
2. The end of the bracero program devastated the processing tomato industry, where many bracero workers were employed.
3. The U.S. government ended the Bracero Program in 1964 partly because unions argued that Bracero workers competed with U.S.-born workers.
4. Economic research shows that farm workers in the United States are becoming less willing to engage in follow-the-crop migration
5. In an agricultural household model with perfect markets, an increase in the price of the crop will increase the amount of family labor used to produce the crop.
6. An increase in the price of the crop makes all agricultural households better off.
1. If the expected profit is lower with the new technology, the
farmer
will never have an incentive to adopt the new technology: True
(as
lower expected profits will make farmers shy away from adopting
new
technology)
2. The end of the bracero program devastated the processing
tomato
industry, where many bracero workers were employed: False
3. The U.S. government ended the Bracero Program in 1964
partly
because unions argued that Bracero workers competed with
U.S.-born
workers: False (it ended because it led to lower forced wages and
poor
working conditions of workers)
4. Economic research shows that farm workers in the United
States are
becoming less willing to engage in follow-the-crop migration:
False
(farm workers have been willing to engage in follow-the-crop
migration)
5. In an agricultural household model with perfect markets,
an
increase in the price of the crop will increase the amount of
family
labor used to produce the crop: True (as incentive to produce
more
increases)
6. An increase in the price of the crop makes all
agricultural
households better off: True (as profits of households
increases)