The government's decision to come to the aid of farmers was made, in part, because the government feared that
a. farms were becoming too large and inefficient as a result of continuous changes in farm technology
b. because food prices had become so high, low-income families were unable to maintain a minimal nutritional diet
c. falling farm prices would depress the farm economy and that depression would spread to other sectors of the economy
d. price supports would distort farm prices
e. insufficient food supplies would be produced to feed a growing population
C
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Based on the data in the table above, after which worker is hired do diminishing marginal returns begin?
A) the first B) the fifth C) the sixth D) the ninth
Jim has a choice between two jobs. Job A would pay him $15 an hour with certainty, and the job B is commission based where he could earn $12, with a 50% probability and $18 with a 50% probability. Which job would he choose?
a. Job A b. Job B c. Neither of the jobs d. He would choose to exit the labor market
When the price level falls
a. people want to hold less money. b. the interest rate falls. c. investment spending rises. d. All of the above are correct.
What is the federal government's largest source of revenue?
What will be an ideal response?