The primary objective of agricultural cooperatives is to
a. prohibit imports of agricultural goods into the country
b. regulate price by controlling output
c. encourage domestic competition that lowers price because most agricultural cooperatives are consumer based
d. safeguard the quality of farm goods put on the market to avoid government interference in their markets
e. work to facilitate conglomerate mergers
B
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When the marginal and average products of labor are equal to each other, the
A) average product must be at its maximum value. B) marginal product must be at its maximum value. C) total product must be at its maximum value. D) None of the above answers is correct
Explain why it is unwise to bid more than your valuation of the good in a sealed bid second-price auction
What will be an ideal response?
Most job search in the U.S. economy takes place with the help of the government
a. True b. False Indicate whether the statement is true or false
Who in the adult population is counted as "employed" in U.S. labor statistics?
a. people who are temporarily absent from their job and people who work without pay in a family member's business b. people who are temporarily absent from their job but not people who work without pay in a family member's business c. people who work without pay in a family member's business but not people who are temporarily absent from their job d. neither people who are temporarily absent from their job nor people who work without pay in a family member's business