Marketing boards were intended to
a. buy crops from farmers
b. import crops from other countries
c. subsidize agriculture by incurring losses
d. ensure that all food stayed in the country
e. all of the above
A
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The higher the opportunity cost of attending college,
A) the more likely an individual will go to college. B) the more economics classes an individual will take at college. C) the fewer economics classes an individual will take at college. D) the less likely an individual will go to college.
Which of the following is a basic measure of macroeconomic performance?
A. The U.S. stock market B. Growth in output C. The U.S. bond market D. Population growth
The cross price elasticity of demand between two goods is 2. We may conclude that
A. the two goods are poor substitutes for each other. B. the demand for each of the goods is likely to be very elastic. C. the demand for one of the goods is likely to be fairly elastic and the demand for the other good is likely to be fairly inelastic. D. the two goods are very complementary and probably are sold together.
A ________ is bought at a price below its face value, and the ________ value is repaid at the maturity date
A) coupon bond; discount B) discount bond; discount C) coupon bond; face D) discount bond; face