Scarcity arises because of
a. international trade disputes
b. our unwillingness to share earth's bounty
c. insatiable wants
d. limited natural resources
e. primitive technology
C
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Which of the following is true ofthe Food, Conservation, and Energy Act of 2008?
a. It continued the subsidies tied to farm prices that comprised the major share of transfers to farmers. b. The act provided support for the development of bio-fuelsintended to supplement gasoline for automobiles.c. It continued large subsidies to American farmers, which makes the US very different from most industrialized nations, which offer few agricultural subsidies and whose farmers operatein a competitive market. d. It drastically reduced both direct subsidies and subsidies tied to farm prices.
From 1992, America's trade performance was marked by a(n)
a. reduced current account deficit. b. increased current account deficit. c. reduced capital account surplus. d. increase in the growth of exports.