If the market price for a crop is $4.00 a bushel, and the price support is $3.00, then raising the price support to $5.00
A. will cause the price received by farmers to rise to $5.00.
B. will cause the price received by farmers to rise to $4.00.
C. will cause nothing to happen.
D. will cause the price received by farmers to fall.
Answer: A
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Answer the following statement true (T) or false (F)
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A) the relationships among the different parts of the economy. B) the totals, or aggregates, of the economy. C) unemployment. D) business cycles.
A new U.S. tariff on imported steel would be likely to: a. raise the cost of production to steel-using American firms. b. generate tax revenue to the government
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