Farm productivity can always be improved by
a. transforming small plots into larger ones
b. encouraging the use of modern equipment
c. making sure that each farmer has land in each ecological zone
d. encouraging monocropping
e. none of the above
E
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When the supply (curve) of a product increases,
A) suppliers change their plans. B) demanders change their plans. C) the price changes. D) all of the above occur. E) none of the above occur.
Price discrimination is never perfect because:
A) it increases consumer surplus. B) it is regulated by the government. C) it lowers profits of producers to an extent. D) it is impossible to know consumers' willingness to pay.
Some people argue that protection discourages dependency. Explain this argument
What will be an ideal response?
When people are fully informed about the choices that they and other relevant economic actors face, we say they:
A. have complete information. B. will always try to hide that information to gain advantage. C. will always be willing to go through with the transaction. D. have relevant information.