Which of the following is not a reason to predict that farm subsidies might decline in the future?
A. A declining farm population
B. The special interest effect
C. Pressure to cut the budget deficit
D. Conflicts with free world trade
B. The special interest effect
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When analyzing the effects of the government budget deficit
A) no distinction must be made between an economy where full employment exists and one where substantial unemployment exists. B) it is important to examine the effects of the reported capital budget and the reported operating budget separately. C) there should be a comparison of the effect of the deficit to the effects of higher taxes needed to eliminate it. D) the baseline budget should be used since it is the most accurate.
Why does the theory of efficient markets imply that stock price movements are unpredictable?
What will be an ideal response?
If the dollar depreciates against the British pound, U.S. goods sold in ________ would become less expensive and British goods sold in ________ would become more expensive.
A. the United States; the United States B. the United States; Great Britain C. Great Britain; Great Britain D. Great Britain; the United States
The MRP curve for a monopolist in the product market is
A) the same as the MRP curve for a perfectly competitive firm in the product market. B) to the left and below the MRP curve for a perfectly competitive firm in the product market. C) to the right and above the MRP curve for a perfectly competitive firm in the product market. D) upward sloping and below the MFC curve for a perfectly competitive firm in the product market.