Asked by Logan Aguilar on Jun 13, 2024
Verified
Which of the following is a good example of the transition to a market economy?
A) Farmers in the West began to try to meet the demands of the marketplace by producing animals, dairy products, grain, and vegetables on a single family farm.
B) More and more farmers, especially in the West, began to turn to subsistence farming.
C) Farm women began to produce more dairy products to be sold in the market, and then used their profits to buy factory-produced cloth.
D) Spinning and weaving at home became more and more important.
Subsistence Farming
A type of agriculture where farmers focus on growing enough food to feed themselves and their families, with little or no surplus for trade.
- Familiarize oneself with the changeover from agrarian to industrial economies in the United States throughout the nineteenth century.
Verified Answer
LR
Lynsey RectorJun 19, 2024
Final Answer :
C
Explanation :
Choice C describes a clear example of individuals participating in a market economy by producing goods for sale and using profits to purchase other goods in the market. The other choices either do not involve the market economy (choice B) or do not explicitly mention the buying and selling of goods (choices A and D).
Learning Objectives
- Familiarize oneself with the changeover from agrarian to industrial economies in the United States throughout the nineteenth century.