The government significantly raised farm incomes by raising farm prices by: (i) destroying crops, (ii) slaughtering millions of baby pigs and pregnant sows, (iii) paying farmers not to grow crops and (iv) injecting dye into harvested potatoes,
making them inedible. Indicate whether the statement is true or false
False
Economics
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What is the relationship between the marginal product of labor and the marginal cost?
What will be an ideal response?
Economics
We're more likely to make mistakes with situations we face:
A. often, because we pay less attention. B. often, because they involve low payoffs. C. infrequently. D. with little warning.
Economics
A Marshallian, or uncompensated, demand curve reflects:
A. only the substitution effect of a price change. B. only the income effect of a price change. C. both the income and substitution effects of a price change. D. neither the income nor the substitution effects of a price change.
Economics
Free Market System
What will be an ideal response?
Economics