Carefully explain why agricultural subsidies are viewed as harmful
What will be an ideal response?
Direct subsidies are viewed as harmful because they lead to overproduction, squeeze out imports, and in some cases result in the dumping of the surplus product in foreign markets.
Economics
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Over the twentieth century, growth in per-capita GNP was highest
A) immediately prior to the Great Depression. B) during World War II. C) during the 1960s. D) during the 1980s.
Economics
Other things constant, if the cost of labor goes down, the profits of firms will
a. increase, and short-run aggregate supply will shift to the right. b. fall, and short-run aggregate supply will shift to the left. c. increase, and long-run aggregate supply will shift to the right. d. fall, and long-run aggregate supply will shift to the left.
Economics