The Commodity Credit Corporation provides loans to farmers based on expected sales
a. at rates of interest scaled to the farmer's profits
b. that need not be repaid at all if the farmer suffers a loss
c. that must be used for seed, expansion of land, or new farm equipment
d. that can be repaid with sales revenue or with an unsold supply of farm goods
e. at prime market rates
D
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The labor-force participation rate measures the percentage of the
a. total adult population that is in the labor force. b. total adult population that is employed. c. labor force that is employed. d. labor force that is either employed or unemployed.
An increase in the supply of musicians ________ the number of musicians employed, and ________ the wages paid to musicians.
A. increases; increases B. increases; decreases C. decreases; increases D. decreases; decreases
A market situation in which there are a few firms that recognize their mutual interdependence is
A. monopoly. B. oligopoly. C. regulated monopoly. D. monopolistic competition.
A recession occurs and people's incomes decrease. Knowing that an iPad is a normal good, you predict that the demand for an iPad
A) increases. B) decreases. C) might increase or decrease. D) remains unchanged.