The Eau Claire Rule is in place to
A. protect dairy farmers in Wisconsin.
B. protect foreign dairy farmers.
C. protect dairy farmers outside Wisconsin.
D. ensure low prices to consumers.
Answer: C
You might also like to view...
Total utility increases if one more unit of a product is purchased and marginal utility is positive.
Answer the following statement true (T) or false (F)
If the output gap is constant at minus 2 and the inflation rate has fallen from 6 percent to 5 percent, then next period's short-run aggregate supply curve might be ________
A) ? = 5 - 0.5 (13 - 15) B) ? = 5 + 0.5 (13 - 15) C) ? = 4 + 0.5 (13 - 15) D) ? = 5 + 2 (11 - 15) E) none of the above
Season ticket holders often purchase their tickets before a season begins. There is often a discount associated with season tickets. Why?
A) Buying season tickets entails risk, which consumers are willing to bear if they are compensated for doing so. B) Buying season tickets is a way of guaranteeing a supply of tickets for the secondary market. C) Selling season tickets entails greater transactions costs which team owners hope to avoid. D) Sports teams are local monopolies.
The increase in world oil prices in 1990 initially
a. caused the AS curve to shift upward as wage rates quickly adjusted b. increased the level of GDP associated with high price levels c. shifted the aggregate expenditure line upward d. caused the AS curve to shift upward due to higher costs per unit of output e. caused the AD curve to shift leftward due to an increasing interest rate