Farm policy in the U.S. has been heavily criticized for the following, except:
A. Being fraught with policy contradictions
B. Directing most subsidies to the wealthier farmers
C. Benefiting foreign farmers, rather than domestic farmers
D. Delaying the shift of resources away from agriculture
C. Benefiting foreign farmers, rather than domestic farmers
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Increasing opportunity cost tends to occur if
A. management is disorganized. B. markets do not equate money and opportunity cost. C. production is inefficient. D. resources are scarce. E. resources are specialized.
On a two-dimensional graph, ________ allows for the effects of additional variables
A) adding an additional curve B) eliminating a curve C) moving along a curve D) shifting curves
Keynes argued that when interest rates were low relative to some normal value, people would expect bond prices to ________ so the quantity of money demanded would ________
A) increase; increase B) increase; decrease C) decrease; increase D) decrease; decrease
Which of these firms have a low supplier power?
a. Pharmaceutical firms b. Semiconductor firms c. Car Dealerships d. Software firms