Which of the following is MOST accurate about the early years of the Great Depression?
a. The price that farmers paid for farming inputs dropped, but the price they received for the products they sold dropped even more.
b. The price that farmers paid for farming inputs increased, forcing more farmers into debt.
c. The debt of farmers decreased.
d. The price that farmers received for the products they sold increased.
a. The price that farmers paid for farming inputs dropped, but the price they received for the products they sold dropped even more.
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If a monopolistically competitive firm is suffering losses in the short run:
A. the exit of competing firms will shift the firm's demand to the right. B. the exit of competing firms will shift the firm's demand to the left. C. the exit of competing firms will cause price to drop, but not affect the firm's demand curve. D. the exit of competing firms will cause price to rise, but not affect the firm's demand curve.
The market mechanism provides a financial incentive for firms to minimize the pollution they create.
Answer the following statement true (T) or false (F)
The socialist countries of Eastern Europe have
a. fewer environmental problems than capitalist countries. b. improved their environment more than the capitalist countries. c. worse environmental problems than capitalist countries. d. worsened since the collapse of communism there.
If the Bush tax cuts were allowed to expire in 2010, the maximum personal income tax rate in the United States would have moved above 50 percent
a. True b. False Indicate whether the statement is true or false