One result of the agriculture price supports cited in the text is that

A) sometimes surplus food is given away.
B) food shortages result in most cases.
C) small farms receive most of the benefits.
D) none of the above.


A

Economics

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The table above gives Jane's total utility from magazines and CDs. The price of a magazine is $4 and the price of a CD is $10. What is the marginal utility per dollar from CDs when the sixth CD is purchased?

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Direct controls 

A. have not been tried in practice, but work in theory. B. have been the main instrument used by the United States when dealing with polluting activities. C. achieve more success than pollution charges. D. achieve more success than pollution allowances.

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Demand for products such as insulin, cancer drugs, and tobacco is usually inelastic.

a. true b. false

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The duopoly price provides a greater incentive to maintain cartel pricing than does the grim- trigger strategy.

Answer the following statement true (T) or false (F)

Economics