Taxes impose a cost on letting land remain idle
Indicate whether the statement is true or false
True
You might also like to view...
If the U.S. real exchange rate appreciates, U.S. exports
a. increase and U.S. imports decrease. b. decrease and U.S. imports increase. c. and U.S. imports both increase. d. and U.S. imports both decrease.
The current price of a stock increases when:
A. expected future dividends decrease. B. the expected future price of the stock decreases. C. the perceived riskiness of the stock increases. D. interest rates decrease.
In the short run, as output increases,
A. the difference between total cost and average variable cost decreases. B. marginal cost eventually decreases. C. the difference between average total cost and average variable cost decreases. D. All of the above are correct.
In 2012 a severe drought raised the price of corn. For a farmer in Canada who harvested a normal crop because the farm was not affected directly by the drought, the increase in the price of corn
A) increases the farmer's producer surplus. B) decreases the farmer's producer surplus. C) does not affect the producer surplus because this change is a movement along the farmer's supply curve and not a shift of the farmer's supply curve. D) increases producer surplus only if the farmer's supply is completely inelastic.