Since the government has been paying out farm subsidies
A. the number of family farms has increased by about 40 percent.
B. the number of family farms has increased by 10%.
C. the number of family farms has decreased by 10%.
D. the number of family farms has decreased by 70 percent.
D. the number of family farms has decreased by 70 percent.
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If capital demand shifts to shorter lived equipment, then
A) net investment will fall. B) net investment will increase. C) net investment will not change. D) the effect on net investment is unknown.
Which of the following generalizations about the burden of an excise tax is correct?
a. The more inelastic the supply of a product, the larger the portion of an excise tax will be paid by buyers. b. The more inelastic the demand for a product, the larger the portion of an excise tax will be paid by buyers. c. The more elastic the supply of a product, the smaller the portion of an excise tax will be paid by buyers. d. The burden of an excise tax on a product is independent of the elasticity of the supply and demand for the product on which the tax is levied.
Which of the following would most likely cause the movement from S 1 to S 2 ?
a. A much higher percentage of high school graduates seek jobs rather than go to
college.
b. There is an increasing trend among people in their fifties to retire early.
c. A well-publicized medical study motivates a large number of people to reduce their
work hours.
d. A country uses the profits from its nationalized oil industry to give an income subsidy
to all citizens.
A government policy to build bridges and dams is an example of a policy to promote economic growth by:
A. increasing human capital. B. improving technology. C. improving the social and legal environment D. increasing physical capital.