Acreage allotments, which limit the number of acres planted with a particular crop, has an effect on the crop's price which is:
A. Consistent with a price-support program
B. Contradictory to a price-support program
C. Consistent with a price-ceiling for the crop
D. Disadvantageous to the farmers of the crop
A. Consistent with a price-support program
Economics
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Which of the following best defines what money is now and what it has been in the past?
A) currency plus credit cards B) anything accepted as a means of payment C) currency D) anything used as a store of value E) currency plus checking deposits
Economics
A consumer buys food (F) and shelter (S). If the consumer's income rises and there is no change in the prices of F or S, the marginal rate of transformation of F for S will
A) increase. B) decrease. C) stay the same. D) change, but there is not enough information to know how.
Economics