Which of the following characterize the U.S. agricultural industry in the long run?Multiple select question.A massive exodus of workersFinancial gainsFinancial lossesA massive influx of workers
Question
Which of the following characterize the U.S. agricultural industry in the long run?Multiple select question.A massive exodus of workersFinancial gainsFinancial lossesA massive influx of workers
Solution
The U.S. agricultural industry in the long run can be characterized by:
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A massive exodus of workers: This is true. Over the past century, there has been a significant decrease in the number of people employed in the agricultural sector. This is due to a variety of factors, including the mechanization of farming and the growth of other sectors of the economy.
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Financial gains: This can be true or false depending on the time period and specific circumstances. The agricultural industry can be volatile, with periods of financial gain and loss. However, in general, the trend has been towards increased productivity and financial gain.
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Financial losses: As mentioned above, the agricultural industry can be volatile and there can be periods of financial loss. However, this is not a characteristic of the industry in the long run.
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A massive influx of workers: This is generally false. As mentioned above, the trend has been towards a decrease in the number of people employed in the agricultural sector. However, there can be periods of increased employment, such as during harvest season.
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