In general, agricultural price supports
A) raise food prices.
B) have no impact on food prices.
C) are designed to lower food prices.
D) c and d
A
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Which of the following will be included in the income-based method of national accounting?
A) A firm's expenditure on raw materials B) A student's expenditure on education C) A consumer's expenditure on a imported car D) A worker's retirement benefits
Which of the following is an objective of government taxation?
A) Reducing the demand for money in the economy B) Increasing the supply of money in the economy C) Redistribution of funds D) Reducing the growth rate of the economy
In the short run, the fixed costs of a firm:
A. must be paid regardless of level of output. B. should be strongly considered in deciding whether to shut down production. C. are zero when quantity produced is zero. D. must be higher than variable costs for the firm.
A principal benefit of inflation is that it makes economic decisions easier
a. True b. False Indicate whether the statement is true or false