Question 53
Basic Agricultural EconomicsWhich of the following statements is not true of agricultural production?
- A.land is an immobile asset
- B.a fishing ground is a factor of production
- C.human resources constitute a factor of production
- D.availability of land is more important than its quality
Show the answer and explanation
Answer: D (availability of land is more important than its quality)
Explanation
Land quality (fertility) matters as much as how much there is.