Federal subsidies to farmers can have the effect of creating a surplus in the market for certain crops

Indicate whether the statement is true or false

TRUE

Economics

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Institutional reversal refers to the fact that:

A) the same institutions that were highly inclusive in the year 1500 slowly changed into extractive institutions as a result of modernization. B) Europeans established more extractive institutions in places that were previously more developed, and set up more inclusive institutions that were previously less developed. C) Europeans established more extractive institutions in places that were previously less developed, and set up more inclusive institutions that were previously more developed. D) the same institutions that were highly extractive in the year 1500 slowly changed into inclusive institutions as a result of modernization.

Economics

In 2015, ZVX motors sold 17,241 units of their latest superbike, the ZVX-1200 . Each ZVX-1200 costs $9,763 to the company, and is sold at a price of $17,255 per unit. The total revenue earned by ZVX motors in 2015 is:

a. $297,493,455. b. $297,442,463. c. $168,323,883. d. $165,131,644.

Economics