Most of the technological advances in U.S. agriculture are initiated by the following, except:
A. Government-sponsored agencies
B. Farmers
C. Colleges and universities
D. Suppliers of farm inputs
B. Farmers
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If the ________ cost of production for two goods is different between two countries then mutually beneficial trade is possible
A) explicit B) marginal C) opportunity D) implicit
When an interest in the people's problems affects the outcome, not the changes themselves, it is known as
a. hawthorne effect b. taylor effect c. laissez faire effect d. groupthink effect
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In Exhibit 3-11, in Panel A the movement from point A to point C describes a(n):
A. ambiguous change in price and a decrease in quantity. B. increase in price and an ambiguous change in quantity. C. increase in both price and quantity. D. decrease in both price and quantity.
When decisions are guided strictly by short-run gains, this is known as
A) opportunistic behavior. B) the prisoners' dilemma. C) tit-for-tat strategy. D) a positive-sum game.