Which of the following statements is true?
A) In a price support program, consumers end up paying the price support.
B) In a target price system, consumers end up paying the target price.
C) In a target price system, the per-unit deficiency payment is equal to the difference between the quantity demanded at the market price and the quantity supplied at the market price.
D) Acreage allotment programs directly (as opposed to indirectly) raise agricultural product prices.
E) b and d
A
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Labor productivity is equal to the quantity of
A) real GDP. B) real GDP consumed by the total population in one hour. C) real GDP produced by one hour of labor. D) workers employed during one hour. E) workers who are gainfully employed.
The national debt
a. is currently greater than the annual federal deficit b. is reduced by the revenue generated from the federal deficit c. decreases as the deficit is reduced d. is a flow variable e. varies depending on developments in the stock market
A quantity restriction leads to a quantity traded ________ the equilibrium quantity.
A. at B. above C. below D. Either at or below is correct.
Refer to Exhibit 2-8. If Maria and Maya each specialize in the good in which she has a comparative advantage and then engage in trade, ____________________ can consume a combination of goods that lies beyond her PPF.
 ANSWER 9.png)