A major justification for the use of price floors in agriculture was that
a. there were fewer farmers than in the past
b. average farm acreage had increased
c. demand for food had declined dramatically
d. technology dramatically increased supply
e. the greenhouse effect increased productivity
D
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Refer to the figure below. What might cause a shift from the original demand curve to the new demand curve? 
A. A decrease in the price of tea. B. An increase in the price of coffee creamer. C. An expectation that coffee prices will fall in the future. D. An increase in consumers' tastes for coffee.
Everything else held constant, if income tax rates were lowered, then
A) the interest rate on municipal bonds would fall. B) the interest rate on Treasury bonds would rise. C) the interest rate on municipal bonds would rise. D) the price of Treasury bonds would fall.
Explain the distinction between technological knowledge and human capital
Using a production possibilities curve, a technological advance that increases the amount of output for both goods while using the same amount of inputs would be illustrated by which of the following?
What will be an ideal response?