The Agricultural Adjustment Act, passed in 1933, was an effort to
a. keep agricultural prices high by increasing supply.
b. keep agricultural prices low by increasing supply.
c. keep agricultural prices high by decreasing supply.
d. keep agricultural prices low by decreasing supply.
C
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Which of the following is not an important contribution of the agricultural sector to overall development:
a. increasing national food supplies b. permitting foreign exchange earnings through imports c. allowing excess labor to flow to urban areas d. providing savings for industrial investment e. increasing the demand for manufactured goods g. All of the above are important contributions.
A pure monopoly is defined as having only one seller
a. True b. False Indicate whether the statement is true or false
Which of the following statements is true for the two countries illustrated in Figure 35.1?
A. Japan has an absolute advantage in motorcycles, the United States in DVD players. B. Japan has an absolute advantage in motorcycles. C. The United States has a comparative advantage in motorcycles, Japan in DVD players. D. The United States has a comparative advantage in DVD players.
The? employment-population ratio measures the
What will be an ideal response?