Refer to the below data. If government adopts a price support program that sets the price at $9, then the total amount that government will pay to farmers of this product is:
A. $300
B. $900
C. $1,800
D. $2,000
C. $1,800
You might also like to view...
An inferior good is one that consumers buy in smaller quantities when incomes rise.
Answer the following statement true (T) or false (F)
Compared to a barter economy, an economy that uses money will
A) be greedier. B) be poorer. C) have more corruption. D) have more output.
International trade
A. benefits consumers but harms producers. B. can only take place if a nation has a special natural endowment for the production of a good. C. will occur if a nation has a comparative advantage in the production of a good. D. represents trade between two governments.
With respect to your grades in your accounting and economics? classes, a? one-to-one trade-off means that the opportunity cost of receiving one grade higher in accounting? (for example, improving from a D to a? C) is one grade lower in economics? (falling from a B to a? C).
a. true b. false