Commodities covered by federal government programs include
A) Rice. B) Hay. C) Pork. D) None of the above
Answer: A
Economics
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What are private property rights? Does enforcement of property rights promote economic growth and prosperity?
What will be an ideal response?
Economics
Explain how the labor market and the production function determine potential GDP
What will be an ideal response?
Economics
If the cost of labor decreases the isocost line will
A) stay the same. B) shift outward in parallel fashion. C) rotate outward around the point where only capital is employed in production. D) shift inward in parallel fashion.
Economics
Which of the following can serve as an entry barrier?
a. legal restrictions b. patents c. control of scarce resources or inputs d. All of the above are correct.
Economics