Forms of historical government intervention in agriculture includes
A) Foreign trade enhancements. B) Price and income support payments.
C) Adjusting production to market demand. D) All of the above.
Answer: D
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Private markets will lead to a ________ vaccination rate because:
A. suboptimally low; the external benefit of being vaccinated would not fully be taken into account by decision makers. B. suboptimally high; the external cost of being vaccinated would not fully be taken into account by decision makers. C. socially optimal; price serves as a signal of marginal benefit and marginal cost. D. inequitable; health care services should not be provided based on ability to pay.
Advocates of floating rates pointed out that
A) removal of the obligation to peg currency values would restore monetary control to central banks. B) imposing of the obligation to peg currency values would restore monetary control to central banks. C) removing of the obligation to peg currency values would restore fiscal control. D) imposing of the obligation to peg currency values would restore fiscal control. E) imposing of the obligation to peg currency would restore monetary control to the consumer.
What method is often used when both parties want to eliminate information asymmetry
A. Screening. B. Signaling. C. Statistical discrimination. D. Moral hazard.
Is the following a positive or normative statement? The unemployment rate in Nevada is higher than the unemployment rate in New York