Which of the following is a feature of farm policy present in the Food, Conservation, and Energy Act of 2008 that was not part of the Freedom to Farm Act of 1996?
A. Direct payments (direct subsidies) based on crops currently grown.
B. Countercyclical payments.
C. Farm buyouts by government.
D. Acreage allotments (restrictions on planting).
Answer: B
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A union of all workers from a particular industry is a(n)
A) craft union. B) conglomerate union. C) industrial union. D) expansive union.
Which of the following statements best describes consumer confidence as measured by the consumer confidence index, from just prior to the Great Recession until late 2008.
a. According to the consumer confidence index, consumer confidence averaged around 90 prior to the Great Recession, and then it fell to below 50 in late 2008, which was the lowest it had been since 1980. b. According to the consumer confidence index, consumer confidence averaged around 80 prior to the Great Recession, and then it fell to below 50 in late 2008, which was the lowest it had been since 1980. c. According to the consumer confidence index, consumer confidence averaged around 90 prior to the Great Recession, and then it fell to below 60 in late 2008, which was the lowest it had been since 1980. d. According to the consumer confidence index, consumer confidence averaged around 80 prior to the Great Recession, and then it fell to below 60 in late 2008, which was the lowest it had been since 1980.
Workers in American industry are more productive than those in many other countries because of
a. the large supplies of machinery available. b. abundant natural resources. c. technical know-how. d. All of the above contribute to American worker productivity.
In the short run, when prices don't have enough time to change, the Federal Reserve:
A. can influence the level of interest rates in the economy. B. cannot influence the level of interest rates in the economy. C. can influence the level of interest rates in the economy but generally will not because it would be destabilizing. D. can only affect the amount of money in the economy.