Dairy price supports have the effect of _____
a. decreasing the value of farmland
b. increasing the value of farmland
c. destroying farmland
d. increasing consumption of dairy products
b
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At the point on the demand curve at which marginal revenue = 0, the absolute value of the coefficient of the price elasticity of demand is:
A) > 1. B) = 1. C) < 1. D) = 0.
If float is predicted to decrease because of unseasonably good weather, the manager of the trading desk at the Federal Reserve Bank of New York will likely conduct a ________ open market ________ of securities
A) defensive; sale B) defensive; purchase C) dynamic; sale D) dynamic; purchase
If at the profit-maximizing level of output, a typical perfectly competitive firm's price is greater than its average total cost, the firm should increase output
a. True b. False Indicate whether the statement is true or false
The trade feedback effect refers to the tendency for an increase in the economic activity in one country to lead to a worldwide in economic activity, which then feeds back to the first country.
Answer the following statement true (T) or false (F)