Evidence seems to indicate that the demand for many agricultural products
A) has increased much more than supply over the years.
B) is relatively elastic.
C) is relatively inelastic.
D) is relatively income elastic.
E) b and d
C
Economics
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A) promotes increasing taxes to create additional revenue for government spending. B) promotes expansionary fiscal policy by increasing government spending. C) is based on the Ricardian equivalence theorem. D) promotes reducing taxes to create incentives to increase productivity.
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Tying salaries of top managers to the profits of the firm is a way to reduce the effect of the principal-agent problem
Indicate whether the statement is true or false
Economics