Governments often intervene in agricultural markets by
A) granting subsidies.
B) setting production quotas that will increase production.
C) setting price floors that reduce prices for buyers.
D) imposing heavy taxes on farm products.
A
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Jack just told his boss that he thinks his boss is an idiot. It is likely that Jack will be experiencing ________ unemployment in the near future
A) cyclical B) structural C) frictional D) permanent
If the fiscal policy makers aim to increase aggregate demand, they will likely enact:
A. expansionary fiscal policy. B. contractionary fiscal policy. C. expansionary monetary policy. D. contractionary monetary policy.
Compare the effectiveness of fiscal policy in an open economy with mobile international capital to fiscal policy in a closed economy. Why is it different? Use an appropriate diagram to illustrate your answer.
What will be an ideal response?
The market value of the inputs a firm uses is called
a. total cost. b. variable cost. c. marginal cost. d. fixed cost.