In which of the following categories has spending as a percentage of GDP generally declined since the 1960s?
a. National defense
b. Health and Medicare
c. Social Security
d. Community and regional development
a
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A demand curve can be interpreted as
A) a marginal benefit curve. B) a total benefit curve. C) an average benefit curve. D) a marginal cost curve. E) None of the above answers is correct.
Profitability in cotton farming depended on which of the following factors?
(a) Physical crop yields (b) World and domestic cotton prices (c) Subsistence farming during periods of low cotton prices (d) All of the above
Which form of business organization accounts for the largest proportion of business sales in the United States?
a. sole proprietorship b. partnership c. corporation d. nonprofit organization e. conglomerate
Increased productivity in agriculture leads to lower prices for consumers and higher revenues for farmers
Indicate whether the statement is true or false