Agricultural price supports refer to
A) minimum prices set by the government on certain farm products.
B) maximum prices set by the government on certain farm products.
C) supply-restricting policies imposed by the government on certain farm products.
D) b and c
E) none of the above
A
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Which of the following would increase public saving?
A) an increase in transfers B) an increase in government purchases C) an increase in taxes D) All of the above would increase public saving.
Suppose you are a U.S. exporter expecting to receive a payment of NZD1,000 (New Zealand dollars) in 12 months. The annual interest rate on NZD deposits is 5 percent, and the annual interest rate on dollar deposits is 9 percent. If the present exchange rate is $0.50 per NZD and interest rate parity holds, how many dollars do you expect to receive at the maturity date of the export contract?
a. $2,000 b. $1,923 c. $1,000 d. $580 e. $520
What is the inflation rate that most people know and use?
a. Cost of Living b. Producer Price Index (PPI) c. Consumer Price Index (CPI) d. Wholesale Price Index
Variable costs usually change as the firm alters the quantity of output produced
a. True b. False Indicate whether the statement is true or false