Which of the following is not a recent development in the agricultural industry in the United States?
a. smaller farms
b. extensive use of chemical fertilizers
c. decreased number of farms
d. increased productivity per farm
e. larger output per acre
A
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A positive externality causes
A) the marginal social benefit to be less than the marginal private cost of the last unit produced. B) the marginal private benefit to exceed the marginal social cost of the last unit produced. C) the marginal social benefit to exceed the marginal private cost of the last unit produced. D) the marginal social benefit to be equal to the marginal private cost of the last unit produced.
The three major components of a bond are the bond price, maturity date, and coupon rate.
Answer the following statement true (T) or false (F)
Suppose that during a given month 200,000 persons who had been self-employed leave their business and get jobs working for other businesses. This might give __________ bias to the __________ indicator
A) an optimistic; unemployment rate B) a pessimistic; unemployment rate C) an optimistic; payroll employment D) a pessimistic; payroll employment
If the required reserve ratio is 0.2, what is the demand deposit multiplier?
a. 10.0 b. 0.4 c. 5.0 d. 2.5 e. 1.67