Over the past twenty years, the number of small family farms has fallen significantly and in their place there are fewer, but larger, farms owned by corporations. Which of the following best explains this trend?
A) diminishing returns to labor in farming B) declining productivity
C) diseconomies of scale in farming D) economies of scale in farming
D
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Explain how each of the following events affect the supply of loanable funds curve:
a) The economy is in a recession so people's disposable income is lower. b) The stock market is booming so the people's wealth is higher. c) Fewer college graduates are finding jobs so expected future income is lower. d) The real interest rate increases.
Which of the following is true?
a. Families are getting bigger, across most populations b. The U.S. is growing older, median age is rising c. Minority groups are slowing down, getting smaller d. There are 59 federally recognized Indian tribes in the United States
The coupon rate on newly issued bonds is usually ________ for bonds with favorable tax treatment, such as municipal bonds, and ________ for bonds that are very risky, such as junk bonds.
A. lower; higher B. higher; higher C. higher; lower D. lower; lower
Public education is priced below market price largely as a result of
A. taxpayers who contribute little to the funding of public education. B. under-funded public education. C. rising test scores by students. D. government subsidy programs.