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 their taxes. What are Terrence and his family engaging in?

a. Capitalismb. Mercantilismc. Capitalistic Farmingd. Subsistence Farming

Answer 1

Option D

Step-by-step explanation:

Subsistence farming is a farming practice by individuals for their own use, growing farm produce, crops for sustenance. Practicing this type of farming is not tax exempt, they also pay regular taxes to the farming agency.

Terrence and his family are practicing this type of farming because they only grow enough to feed themselves and pay their taxes to the government. This is know has Subsistence farming.