To have an effective price support program, the government must
i. isolate the domestic market from the world market.
ii. pay the farmers a subsidy.
iii. introduce a price floor.
A) i only
B) ii only
C) iii only
D) ii and iii
E) i, ii, and iii
E
Economics
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When the absence of property rights causes a market failure, the government can potentially solve the problem
a. by clearly defining property rights. b. through regulation. c. by supplying the good itself. d. All of the above are correct.
Economics
Which of the following is not an example of input growth that is a potential source of economic growth
a. immigration b. growth of the capital stock c. development of new technologies that reduce energy use. d. greater investment in workers' skills e. All of these are examples of input growth
Economics