In summary, many of the government's farm programs are an attempt to shift the
a. demand curve for farm goods to the right
b. demand curve for farm goods to the left
c. supply curve for farm goods to the left
d. supply curve for farm goods to the right
e. supply and demand curves for farm goods to the right
C
You might also like to view...
The Great Recession that started in 2007 was triggered by shocks in which of the following economic sectors?
A. consumer and government spending B. real estate and financial markets C. international trade and foreign exchange markets D. gold market and stock market
A researcher finds that for an economy, the nominal GDP in the year 2012 equals the nominal GDP in the year 2013. He also finds that the output of the economy has been the same over the two years. A situation like this is possible only if:
A) the annual inflation rate in the economy is negative. B) the annual interest rate in the economy is negative. C) the annual interest rate in the economy is zero percent. D) the annual inflation rate in the economy is zero percent.
In a voluntary exchange,
A) both parties tend to receive more in value than they give u
Fred is considering opening a ski shop in Colorado. Assume Fred will incur the following costs: building rent = $100,000/year, inventory = $250,000/year, energy = $50,000/year, and labor (one clerk) = $10,000/year
In addition, Fred's current income as a computer programmer is $40,000 per year. Assuming Fred would earn $460,000 in revenues, he could expect to earn: A) an accounting profit of $10,000 per year. B) an accounting profit of $60,000 per year. C) an economic profit of $10,000 per year. D) an economic profit of $50,000 per year.