Which of the following is an effect of overproduction? Select two that apply.
(2 points)
Responses
Businesses make more money on products.
Businesses make more money on products.
Businesses are forced to lower prices to entice people to buy.
Businesses are forced to lower prices to entice people to buy.
Workers lose jobs.
Workers lose jobs.
People buy more goods.
People buy more goods.
Workers lose jobs and businesses are forced to lower prices to entice people to buy.
a, b, c, or d.
I apologize for the confusion. The correct answers are:
- Workers lose jobs.
- Businesses are forced to lower prices to entice people to buy.
Which of the following did NOT cause severe strain on Georgia’s agricultural economy?
(1 point)
Responses
The boll weevil’s destruction of cotton crops
The boll weevil’s destruction of cotton crops
Less demand for cotton due to overproduction
Less demand for cotton due to overproduction
Increased wages for textile workers
Increased wages for textile workers
Low prices of agricultural products and lower profits