The U.S. Supreme Court ruled that the tax on food processors in the 1933 Agricultural Adjustment Act (AAA) was unconstitutional
Indicate whether the statement is true or false
True
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A doctor pursuing the interests of his patients rather than his own interests is an example of the principal-agent problem
Indicate whether the statement is true or false
The formula for calculating the cross price elasticity of demand is: a. the change in the quantity demanded of one good divided by the change in the price of another good
b. the percentage change in demand of one good divided by the percentage change in the price of another good. c. the percentage change in the quantity supplied of one good divided by the percentage change in the price of another good. d. the percentage change in the price of one good divided by the percentage change in the quantity demanded of another good.
What is the most appropriate test to evaluate whether a government-spending program will improve living standards and lead to higher income levels?
What will be an ideal response?
Refer to the diagram. At output level Q:
A. marginal product is falling.
B. marginal product is rising.
C. marginal product is negative.
D. one cannot determine whether marginal product is falling or rising.