Agricultural subsidies are generally
A. popular with politicians and unpopular with economists.
B. popular with economists and unpopular with politicians.
C. popular with politicians and economists.
D. unpopular with politicians and economists.
Answer: A
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Normally, the Federal Deposit Insurance Corporation would shut down a bank when:
A) assets of the bank equal the liabilities of the bank. B) assets of the bank exceed the liabilities of the bank. C) liabilities of the bank exceed the assets of the bank. D) stockholders' equity is greater than zero.
Benefits that accrue directly to the decision maker of a market exchange are called:
A. private benefits. B. network benefits. C. external benefits. D. social benefits.
If the economy is represented in the graph shown and is currently at point E1, what could be said about the state of the economy?
A. There is higher unemployment than the natural rate.
B. There is lower unemployment than the natural rate.
C. The unemployment rate is just about the natural rate.
D. The unemployment rate is zero.
Which one of the factors of production originates as an output from the production process, and is subsequently used as an input into the production process?