Question

The _______ industry experienced a boom and bust cycle in the 1970s. A. chicken B. fertilizer C. cotton D. cattle feed

Answer 1

Beyond just identifying the correct answer as D (cattle feed), it's good to know something about the economic history of the 1970s that makes that the correct answer.  Beef consumption in the United States hit a peak in the 1970s at about 90 pounds per person annually.  With demand for beef climbing, Wall Street investors poured money into the market and cattle production was pursued at aggressive rates.  But that led to oversupply and to escalating prices for feed grain for cattle.  So profits in cattle diminished quickly.  Since the peak for beef demand in the 1970s, the consumption of beef per capita has fallen to less than 60 pounds, while chicken consumption has doubled during the same span of years, so that chicken is now as much in demand as beef as a food commodity.

Answer 2

Answer:

The answer is option D.

Explanation:

it's great to know something about the financial history of the 1970s that makes that the right answer.  Beef utilization in the United States hit a top during the 1970s at around 90 pounds for every individual annually.  With interest for meat climbing, Wall Street speculators emptied cash into the market and steers creation was sought after at forceful rates.  But that prompted oversupply and to heightening costs for feed grain for cattle.  So benefits in cows lessened quickly.  Since the crest for hamburger request during the 1970s, the utilization of hamburger per capital has tumbled to under 60 pounds, while chicken utilization has multiplied amid a similar range of years, so chicken is presently as much popular as meat as a nourishment ware.