The Department of Agriculture distributes $150-$200 million a year to farmers to help defray the costs of fertilizer, drainage, and other production costs.
Answer the following statement true (T) or false (F)
False
The Department of Agriculture distributes $150-$200 million a year to farmers to help defray the costs of fertilizer, drainage, and other production costs.
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If Japanese workers are more productive than French workers then trade between Japan and France
A) cannot take place because Japanese goods and services will be less expensive than French goods and services. B) can take place only if France has an absolute advantage in producing a good or service Japanese buyers want. C) will take place so long as each country has a comparative advantage in a good or service that buyers in the other country want. D) cannot take place until French workers become more productive.
When Norway unilaterally fixes its exchange rate against the euro and leaves the krone
A) free to float against the non-euro currencies, it is able to keep at least some monetary independence. B) free to float against the non-euro currencies, it is unable to keep at least some monetary independence. C) free to float against the non-euro currencies, it is able to keep its monetary independence. D) run by crawling peg against the non-euro currencies, it is able to keep at least some monetary independence. E) fixed against the non-euro currencies, it is unable to keep its monetary independence.
A horizontal aggregate supply curve indicates that equilibrium real GDP is determined by aggregate supply
a. True b. False Indicate whether the statement is true or false
If two goods are complementary goods, then
A. The cross-price elasticity sign is not important. B. The cross-price elasticity sign will be negative. C. The cross-price elasticity will be greater than 1. D. The cross-price elasticity sign will be positive.