Government intervention in agricultural markets in the U.S. began
A) during the Korean War.
B) during World War II to ensure that enough food was available for domestic consumption.
C) after World War I in order to assist farmers to adjust from a war-time economy to a peace-time economy.
D) during the Great Depression.
D
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Which of the following situations is least likely to involve mutual interdependence?
A) Canada is thinking about banning all imported beef from the United States. B) Octavia is thinking about trading in her Toyota Prius for a BMW 220i. C) Walmart is considering moving up the start-time for its Black Friday sales to 12:01 AM on Thanksgiving day. D) McDonald's is thinking about lowering all its menu prices by 50 percent.
If the present value of all future profit is positive, then
A) the firm should remain operating, even if it earns negative profit in the short run. B) the firm should shut down if it is earning a negative profit in the short run. C) the firm should shut down if it cannot cover its fixed costs in the short run. D) None of the above.
A decrease in the capital–labor ratio would result in: a. higher labor productivity because labor does more work
b. lower labor productivity because labor is working with relatively less capital. c. higher labor productivity because labor is producing less capital and more of other goods. d. lower labor productivity because more capital is available. e. higher labor productivity because more capital is available.
Policies which promote good governance of a society are:
A. based on favoritism. B. not important to pursue in developing countries. C. central to economic growth. D. uncommon in nations with high growth rates.