Which group of farmers benefits the least from price supports in agriculture?
A. Those farmers receiving the highest average farm-family income
B. Those farmers receiving the midrange average farm-family income
C. Those farmers receiving the lowest average farm-family income
D. Large corporate farms
C. Those farmers receiving the lowest average farm-family income
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The multiplier is defined as the ratio of a change in income to the
A) marginal propensity to save. B) marginal propensity to consume. C) change in the marginal propensity to consume causing it. D) change in the marginal propensity to save causing it. E) change in planned autonomous spending causing it.
Regarding the institutional requirements of efficient markets,
a. Western economic theory ignores the operation of efficient markets b. market economists have an almost perfect understanding c. market economists would never take the necessary institutions for granted d. those involved in a transition from centrally planned economy must develop a deep appreciation e. None of the answers is correct
Karl Marx predicted that the exploitation of workers would cause capitalism to self-destruct
a. True b. False Indicate whether the statement is true or false
A bond's internal rate of return is also known as its:
A. coupon. B. payback period. C. duration. D. yield to maturity.