If the production of soybeans is subsidized by the government,
A) the demand for soybeans will increase.
B) the farmer's cost of producing soybeans will decrease.
C) the supply of soybeans will decrease.
D) all of the above will occur.
E) none of the above will occur.
B
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In general, financial assets that have a(n) ________ amount of risk have a ________ rate of return.
A. lower; higher B. equal; higher C. higher; lower D. higher; higher
Table 21.4Output (Units per Day)Total Cost (Dollars per Day)016130242358478For the output levels in Table 21.4, the minimum of the average variable cost curve occurs at a production rate of
A. Zero units per day. B. 4 units per day. C. 2 units per day. D. 3 units per day.
The spot exchange rate is the current price for an exchange that will take place a month or more in the future.
Answer the following statement true (T) or false (F)
Refer to the data. Assume new product Z is introduced. How many units of Z will this consumer buy, given his or her $12 budget?
Consumer's income = $12
A. Zero units.
B. 2 units.
C. 4 units.
D. 6 units.