When a government subsidizes the sale of milk, cooperative surplus ________ and society gets ________
A) increases; richer
B) increases; poorer
C) decreases; richer
D) decreases; poorer
B
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Explain the characteristics of monopolistic competition. Explain how price and output are determined in monopolistic competition. Illustrate your answer with a graph
What will be an ideal response?
Special Drawing Rights
A) are granted by the Fed to banks which want to trade in the foreign exchange markets. B) were eliminated when the Bretton Woods system broke down. C) are created by the IMF in its role as lender of last resort. D) were created by the Nixon administration on August 15, 1971.
Currently, the supply curve for human organs is perfectly inelastic
a. True b. False Indicate whether the statement is true or false
In a city that has rent control for apartments, there is
A. a shortage of renters in the city. B. a surplus of apartments available to rent. C. less turnover of apartments. D. neither a surplus nor a shortage of apartments.