The Food, Conservation, and Energy Act of 2008 does not address the fundamental problem of agricultural subsidies, which is that those subsidies:
A. reduce work incentive for farmers, thus reducing agricultural production.
B. slow the exodus of resources from agriculture, increase production of agricultural products,
and reduce crop prices and market incomes.
C. increase the exodus of resources from agriculture and reduce investments by farmers in
land and equipment.
D. are based on past agricultural production and not on current agricultural production.
Answer: B
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A) lower, decreases B) lower, increases C) higher, decreases D) higher, increases
Firms will merge or one firm will acquire another for all but which of the following reasons:
A) one large firm has a cost advantage over two smaller firms. B) synergies involved between the two firms. C) to enter a new market. D) to diversify risk. E) one large firm can sell more than two smaller firms.
Injections represent outflows of planned expenditures from the real GDP stream
a. True b. False Indicate whether the statement is true or false
Which of the following offers the most likely explanation of why average total cost is falling in a cereal factory?
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