Marginal land is on the borderline of being used in production
a. True
b. False
Indicate whether the statement is true or false
True
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A liberal philosophy of land distribution would support which of the following rules about paying for western land?
a. High minimum acreage rules for people buying land b. High minimum prices for land c. Credit payments for the land
If the government set a price ceiling of 25 cents for a loaf of bread, the most likely consequence would be
A. a surplus of bread. B. no one would go hungry. C. most Americans would put on weight. D. a shortage of bread.
One person's use of common resources does not reduce the enjoyment other people receive from the resource
a. True b. False Indicate whether the statement is true or false
Which of the following is NOT a union wage and employment strategy?
A. ensuring employment for all members of a union B. maximizing aggregate income of workers C. minimizing the adjusted gross income of non-members D. maximizing wage rates for some workers