Agricultural support and rural development programs account for nearly half of the EU budget
Indicate whether the statement is true or false
TRUE
You might also like to view...
According to the World Bank, almost 2 billion people are classified as being in severe poverty.
Answer the following statement true (T) or false (F)
If an individual's total utility from consuming two goods increases, then there must be
A) a downward rotation of the individual's indifference curve. B) an inward rotation of the individual's indifference curve. C) an outward shift of the individual's indifference curve. D) an inward shift of the individual's indifference curve.
Refer to the information provided in Figure 34.4 below to answer the question(s) that follow.
Figure 34.4Refer to Figure 34.4. The demand and supply of pounds are D2 and S2. An increase in British demand for U.S. exports, ceteris paribus, could
A. increase the exchange rate ($/pound) to $2.50. B. increase the demand for pounds from D2 to D1. C. decrease the exchange rate ($/pound) to $1.50. D. decrease the equilibrium quantity from 400 to 300 pounds.
A firm's short-run average cost is defined as
a. the ratio of total output to short-run total cost. b. the ratio of short-run total cost to total output. c. the additional cost of producing one more unit of output while some input is fixed. d. the additional cost of producing one more unit of output while all inputs are fixed.