Incomes of U.S. farmers tend to be boosted by:

A. Very good harvests on farms abroad

B. Economic weakness in Europe and Southeast Asia

C. Increased protectionism in farm policies abroad

D. A depreciation of the U.S. dollar


D. A depreciation of the U.S. dollar

Economics

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Based on the figure below. Starting from long-run equilibrium at point C, a tax cut that increases aggregate demand from AD to AD1 will lead to a short-run equilibrium at point ________ and eventually to a long-run equilibrium at point ________, if left to self-correcting tendencies. 

A. D; C B. B; C C. B; A D. D; B

Economics

The IMF lends at low interest rates and without preconditions

Indicate whether the statement is true or false

Economics

In the above figure, a shortage could be caused by a government price ceiling set at

A) $1.00. B) $2.00. C) $2.50. D) $3.00.

Economics

If Mr. Smith thinks the last dollar spent on shirts yields more satisfaction than the last dollar spent on cola, and Smith is a utility-maximizing consumer, he should

a. decrease his spending on cola. b. decrease his spending on cola and decrease his spending on shirts. c. decrease his spending on shirts. d. increase his spending on cola and decrease his spending on shirts.

Economics