Which of the following helped to maintain a healthy farm sector prior to 1920?
A. Recurrent wars.
B. More advanced technology.
C. Food for peace programs.
D. A decreasing population.
Answer: A
You might also like to view...
A non-binding price ceiling i. causes a surplus. ii. causes a shortage. iii. is set at a price above the equilibrium price. iv. is set at a price below the equilibrium price
a. (i) only b. (iii) only c. (i) and (iii) only d. (ii) and (iv) only
Which of the following offers an example of economies of scope?
a. When production of economics textbooks, management textbooks, and finance textbooks can be done by a single publishing company at lower average cost than by separate publishing companies that specialize in just one topic. b. The minimum average cost of producing a unit of output is first realized when 600,000 units are produced each month. c. When a firm finds that it is more profitable to contract for certain inputs or functions supplied by others than to produce those inputs or functions itself. d. When the average cost per unit of output falls as the firm increases its scale of production of economic textbooks.
Refer to the graph shown of a monopolistically competitive firm. The graph shows that:
A. new firms will enter the industry. B. some existing firms will leave the industry. C. the price of the product is $90. D. the industry is in long-run equilibrium.
The policy rate is
A) determined by monetary policy. B) a real interest rate. C) a risk premium. D) entering the IS equation.