Which of the following federal farm programs was successful in reducing agricultural surpluses?

In determining wages, ability, effort, and chance

a. probably play no role whatsoever. b. play a role, but their importance is hard to gauge since ability, effort, and chance are hard to measure. c. play a role, and that role is fully captured in easy-to-measure factors such as human capital and age. d. play a role, and it is fully explained within the context of compensating differentials.

Discretionary fiscal policy is independent of Congress and based on the progressivity of the tax system.

Answer the following statement true (T) or false (F)