Government intervention in agricultural markets in the U.S. began in the
A) 1920s.
B) 1930s.
C) 1950s.
D) 1970s.
Answer: B
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Larry Lawnlover is trying to decide whether it would be more efficient to trim his lawn with a hand-operated clipper or to buy and use an electrically operated weed-trimmer
Which of the items below will help determine the more efficient choice for Larry? A) Larry's dislike for the noise created by power tools B) Larry's fear of being injured while using power tools C) The sensitive skin on Larry's hand, which causes him to develop, blisters easily D) All of the above. E) None of the above.
If the average level of nominal income in a nation is $44,000 and the Consumer Price Index is 175, the average real income would be about
A. $77,000. B. $25,143. C. $18,857. D. $44,000.
Suppose that the share of population employed in Country B is 50 percent, and that Countries B and C have the same real GDP per capita. Based on the information in the table, what share of Country C's population must be employed? CountryPopulation (millions)Average Labor Productivity ($)A1002,000B15010,000C7525,000D25050,000E9560,000
A. 20.0 percent B. 40.0 percent C. 50.0 percent D. 5.0 percent
Refer to the information provided in Figure 24.1 below to answer the question(s) that follow.
Figure 24.1Refer to Figure 24.1. In this economy, 0.5 represents the
A. MPS. B. MPC. C. multiplier. D. both A and B