If a farmer sells a crop and uses some of the proceeds to repay the Commodity Credit Corporation (CCC), the market price is
A. Lower than the countercyclical payment.
B. Lower than the loan rate.
C. Higher than the countercyclical payment.
D. Higher than the loan rate.
Answer: D
You might also like to view...
Everything else held constant, an increase in marginal tax rates would likely have the effect of ________ the demand for municipal bonds, and ________ the demand for U.S. government bonds
A) increasing; increasing B) increasing; decreasing C) decreasing; increasing D) decreasing; decreasing
Suppose a taxpayer has an income of $90,000 and a taxable income of $75,000, and pays $7,500 in taxes. If the taxpayer says he is taxed at a 10 percent tax rate, he is referring to the
A. Marginal tax rate. B. Vertical tax rate. C. Effective tax rate. D. Nominal tax rate.
When a monopolistically competitive firm is in long-run equilibrium,
a. marginal revenue is equal to marginal cost. b. average total cost is minimized. c. marginal revenue is tangent to average total cost. d. All of the above are correct.
Government is designed to handle problems not addressed by the private sector.
A. True B. False C. Uncertain