According to the text, which of the following items has the U.S. federal government subsidized for farmers?
A. Seeds.
B. Migrant workers.
C. Transportation.
D. Marketing.
Answer: D
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A teacher tells her students that she will give them a riddle that each student has to solve separately and then announce his or her answer in the class. Those who get the correct answer will get a gift
Kate, a student in the class, decides to give the answer that most students give, although the answer she gets from solving the riddle is quite different. This is an example of ________. A) adverse selection B) moral hazard C) a pecuniary externality D) an information cascade
If the reciprocal of the slope of a demand curve is calculated, this value is equal to the price elasticity of demand for that good.
Answer the following statement true (T) or false (F)
If you buy a put option on treasury futures at 110, and at expiration the market price is 115, the ________ will ________ exercised
A) call; be B) put; be C) call; not be D) put; not be
If certification decreases supply and serves as a barrier to entry, it ________ the price and ________ market power of the suppliers already in the market.
A) decreases; decreases B) decreases; increases C) increases; increases D) increases; decreases