With parity pricing in agriculture, farmers
a. earn higher incomes now than nonfarmers
b. fared relatively well during the Depression years of the 1930s
c. have seen a persistent downward movement in their purchasing power
d. did relatively poorly during the 1920s
e. face a declining demand for food in the United States
C
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Research and development refers to
A. the act of discovering new products or new ways of making products. B. the act of putting new ideas into effect. C. activities aimed at inventing new products or process, or improving existing ones. D. the collaboration between the private sector and public sector.
Exchange of developing country debt (at a discount) for private ownership of state-owned assets is called
(a) debt-equity swaps. (b) debt restructuring. (c) the Brady Plan. (d) debt-nature swaps.
High levels of sales that spur high levels of investment spending is an example of a
a. vicious circle. b. virtuous circle. c. convergence circle. d. divergence circle.
A fiscal policy action to close a recessionary gap is to:
A. increase government purchases. B. increase the marginal propensity to consume. C. decrease transfer payments. D. increase taxes.