Improving agriculture's terms of trade involves
a. increasing the amount of goods available to farmers
b. increasing the number of markets in which farmers can sell
c. increasing the amount of credit available to farmers
d. increasing the relative price of agricultural goods compared to manufactured goods
e. none of the above
D
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Can unionization in an industry adversely affect productivity? Explain your answer
What will be an ideal response?
Suppose there are only three alternatives to attending a "free" social event: read a novel (you value this at $10), go to work (you could earn $20), or watch videos with some friends (you value this at $25). The opportunity cost of attending the social event is
A) $10. B) $20. C) $25. D) $45. E) $55
The rate of growth in real Gross Domestic Product (GDP) minus the rate of growth of the population is the
A. unemployment rate. B. rate of growth of nominal GDP. C. employment growth rate. D. rate of growth of per capita real GDP.
In order to exercise control over the price of its product, a firm must be able to ________ competition.
A. not change B. maximize C. increase D. limit