What is not one of the reasons why farmers prefer price supports more than direct income supplements?
a. Direct income supplements tend to remain fixed over time.
b. Direct income supplements tend to provide lower benefits.
c. Direct income supplements tend to go predominantly to poor farmers.
d. Direct income supplements tend to be viewed as demeaning.
b. Direct income supplements tend to provide lower benefits.
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In the above table, if the price of labor is $10 per hour and the price of capital is $20 per unit, which method of producing 50 space crafts is economically efficient?
A) Technique W B) Technique X C) Technique Y D) Technique Z
When the Federal Reserve extends a discount loan to a bank, the monetary base ________ and reserves ________
A) remains unchanged; decrease B) remains unchanged; increase C) increases; increase D) increases; remain unchanged
Rent is the payment received by resource owners for the use of their natural resources
a. True b. False
According to Keynesian economics, fiscal policy should create a deficit during economic contractions
a. True b. False Indicate whether the statement is true or false