Which of the following is most likely to benefit from government established price floors in agriculture?
A) large farm owners and corporate farms
B) small farmers
C) cattle ranchers
D) low income farmers
A
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The following data give the dates of successive turning points in U.S. economic activity and the corresponding levels of real GDP at the time.Turning PointDateReal GDP(1996 $ billions) (A)Feb. 19612352.9(B)Dec. 19693571.4(C)Nov. 19703566.5(D)Nov. 19734151.1(E)Mar. 19754010.0Which of the following periods was an expansion?
A. November 1970 through November 1973 B. December 1969 through November 1973 C. November 1970 through March 1975 D. December 1969 through November 1970
The passage of major pieces of consumer protection legislation in the postwar period
a. was one of the most dramatic development of that period. b. was influenced by the "red scare," and other hysteria over rumors of deliberate sabotage of consumer products. c. often were the result of highly visible public tragedies. d. Both a and b are correct. e. Both a and c are correct.
Full employment means which of the following is zero?
a. structural unemployment b. cyclical unemployment c. frictional unemployment d. aggregate unemployment
Majority rule will produce the outcome most preferred by the median voter
a. True b. False Indicate whether the statement is true or false