Refer to the below data. If government adopts a price support program that sets the price at $9, then the total amount that private buyers would pay for this agricultural product is:
A. $300
B. $900
C. $1,800
D. $2,000
B. $900
Economics
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A crucial national income accounting identity has (S + T) equal to
A) I + G - NX. B) I + G + F. C) I + NX. D) G + F. E) I + G + NX.
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What are the long-run effects on productivity and income of an increase in the saving rate?
Economics
When management shuts down a plant and does not allow workers to perform their jobs, there is a
A. Walkout. B. Strike. C. Strikebreaker. D. Lockout.
Economics
Suppose the government decides to increase taxes by $50 billion and to increase transfer payments by $50 billion. What effect would there be on aggregate demand?
A. $50 billion increase. B. More than $50 billion increase after the multiplier effect. C. $50 billion decrease. D. No impact.
Economics