The largest component of aggregate expenditure in the United States is:

The general rule for benefit maximization suggests that in personal equilibrium:

A) the ratio of total benefits to price should be identical across all goods. B) the ratio of total benefits to income should be identical across all goods. C) the ratio of marginal benefits to price should be identical across all goods. D) the ratio of marginal benefits to income should be identical across all goods.

The government of Lithasia has decided to set a minimum price for certain agricultural products in order to safeguard the interests of farmers. This is an example of a ________

A) price floor B) price ceiling C) Pigouvian tax D) Pigouvian subsidy