What group tends to benefit from the sugar price supports?
A. Manufacturers of products that use sugar
B. Individual consumers of sugar
C. Producers of other agricultural products
D. Producers of sugar
E. All of these responses are correct.
Answer: D
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"Good news" about an expenditure-related indicator drives bond prices __________ and stock prices __________
A) up; up B) up; down C) down; up D) down; down
U.S. investment earnings from foreign assets minus foreigners' earnings from their U.S. assets is
a. the merchandise trade balance b. net unilateral transfers abroad c. the balance on good and services d. net investment from abroad e. the financial account
A competitive price-taker market in long-run equilibrium is described as efficient because firms
a. produce at the low point on their average cost curve. b. produce where marginal cost yields a profit. c. earn no more than the cost of capital. d. are not profitable.
In order to demand a good, the buyer must:
a) Want the good very much. b) Think that the good has significant utility. c) Be aware of the opportunity costs. d) Be both willing and able to pay for it.