AgEcon 250 midterm#2
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| show | compares values to a base year
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| show | USA measure of area. One acre is about the size of a football field
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| Hectare | show 🗑
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| Arable land | show 🗑
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| show | land used in ag. production include both arable land and land used for grazing
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| Extensification | show 🗑
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| intensification | show 🗑
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| show | the number of acres or hecters used. but land is not a uniform input. there are substantial differences in the productivity of soils and irrigation and drainage which critically affects the characterisitics of the land
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| labor | show 🗑
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| Capital | show 🗑
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| show | improved non hybrid seeds(disease resistent, fertilizer responsive, dwarf varietyirrigation(water control is critical)chemical(especially fertilizer)
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| show | consumers are not responsive to price change ex: milk, gas, meds,
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| elastic | show 🗑
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Created by:
jessica.zielinski
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