Which of the following will likely occur when price floors in agriculture are implemented?
A. Quantity demanded will exceed quantity supplied.
B. Quantity supplied will exceed quantity demanded.
C. Farmland will be underutilized.
D. Supply will decrease.
Answer: B
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An import quota is the same as an import ban
Indicate whether the statement is true or false
Bangladesh has had success with:
A. clustering the textile industry. B. clustering the fishing industry. C. supporting export-led growth policy. D. supporting import substitution policy.
A monopolist maximizes profit by producing the quantity at which MC = MR, just like a perfect competitor.
Answer the following statement true (T) or false (F)
Since 1802, the average annual compound return for stock holdings, adjusted for inflation, has been approximately
a. 2 percent. b. 7 percent. c. 15 percent. d. 30 percent.