The U.S. price support program, which guaranteed prices for currently grown crops:
A. ended with the passage of the Freedom to Farm Act of 1996.
B. began with the Grain Planting Act of 1914.
C. remains the core of U.S. farm policy.
D. was restored in full and expanded by the Food, Conservation, and Energy Act of 2008.
Answer: A
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In a mixed economy
a. all economies choose the same mix of private and public involvement in the economy. b. the government is more important than the private sector in generating output. c. there is some government influence over the workings of the free market. d. all of the above.
Better technology means that more output in the U.S. economy can be produced:
A. With a greater amount of energy input B. With the same amount of energy input C. But it will lead to a fall in the standard of living D. But it will lead to a rise in population growth