Acreage set-asides shift the food supply curve to the right and decrease farm prices.
Answer the following statement true (T) or false (F)
False
Set-asides reduce the production of food and are the easiest way to increase farm prices without creating a surplus. Congress does this by paying farmers for voluntary reductions in crop acreage.
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In surveys about inflation during the 1990s, what percentage of professional economists answered “Fully agree” that preventing high inflation was a highly important national priority?
a. 18% b. 33% c. 52% d. 75%
In the Bag by Copy Company case study, the executives are faced with wiring 10 different copiers that they make in five separate European countries. They must choose between specializing by country and specializing by manufacturing of copier type. The executives hire a lobbyist to work for a standard regulatory and sales environment across the entire European Union. Why?
What will be an ideal response?
If the existence of alternative opportunities makes people become less willing to work in poultry processing plants, then the real wage of unskilled workers in poultry processing plants is predicted to ________ and the employment of unskilled workers in poultry processing plants is predicted to ________.
A. increase; decrease B. decrease; decrease C. increase; not change D. increase; increase
A pair of deep posterior trunk muscles that adduct the scapula and cause downward rotation of the scapula are the __________.
Fill in the blank(s) with the appropriate word(s).