Ask Question
BusinessBusiness
22 January, 06:36

Terrence and his family own a farm in a remote region of chile. they farm only enough to produce enough food to feed the family, and pay their taxes. what are terrence and his family engaging in?

+4
Answers (1)
  1. 22 January, 08:29
    0
    Terrence and his family are engaging in subsistence farming. It is a type of farming method where a family only produces crops for personal consumption. Instead of selling the surplus items, a family will store them so they can have enough food until the next harvest. This farming method is common in rural areas.
Know the Answer?
Not Sure About the Answer?
Get an answer to your question ✅ “Terrence and his family own a farm in a remote region of chile. they farm only enough to produce enough food to feed the family, and pay ...” in 📙 Business if there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
If the interest rate decreases (A) or if the price level increases, then people will want to hold more money. (B) or if the price level decreases, then people will want to hold less money.
Answers (1)
On May 31, 20X1, the Arlene Corporation adopted a plan to sell its cosmetics line of business, considered a component of the entity. The assets of the component were sold on October 13, 20 X 1, for $1,200,000.
Answers (1)
Which of the following statements are correct regarding the method of valuation by comparables? (Choose 2). 1. A firm's market value can be estimated by using the share price of any similar sized firm. 2.
Answers (1)
1. A company hires one of its board members, a CPA, to issue accounting reports for thecompany. Assuming any required disclosures are made, which of the following reports may theCPA issue without violating independence rules. B. ReviewsC. AuditsD.
Answers (1)
In words, what does it mean when an economic consultant states:" kevin's income elasticity of red wine is equal to 6?
Answers (1)
New Questions in Business
A person borrows $200 to be repaid in 8 years with 14% annually compounded interest. The loan may be repaid at the end of any earlier year with no prepayment penalty. a. What amount will be due if the loan is repaid at the end of year 1? b.
Answers (1)
Why might it be important for consumers to understand their credit card agreements?
Answers (2)
Ersatz kreme will sell its filling to hunky donuts only if hunky donuts agrees not to buy filling from other suppliers. this is an example of
Answers (1)
Which of the following statements is true of service facilities? Select one: a. They store their services as physical inventory. b. They need to be in close proximity to customers. c.
Answers (1)
You own a stock that you think will produce a return of 11 percent in a good economy and 3 percent in a poor economy. Given the probabilities of each state of the economy occurring, you anticipate that your stock will earn 6.5 percent next year.
Answers (2)
Home » Business » Terrence and his family own a farm in a remote region of chile. they farm only enough to produce enough food to feed the family, and pay their taxes. what are terrence and his family engaging in?
Sign Up Forgot Password?