If the production of wheat were subsidized by government,
A) the demand for wheat would increase.
B) the supply of wheat would increase.
C) both A & B would occur.
D) none of the above would occur.
B
Economics
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Economic profits are equal to accounting profits:
a. In all cases b. In no cases c. When implicit costs are zero d. When implicit costs equal explicit costs
Economics
Buyers and sellers receive market signals
A. from their friends and acquaintances. B. from news announcements of the government. C. through the price system. D. from the gossip columns in the newspapers.
Economics