In 2013, the U.S. was supposed to be without price supports for milk and grains but it spent

A. $73 billion on such price supports.
B. $13.4 billion on such price supports.
C. $33 billion on such price supports.
D. $43 billion on such price supports.

Answer: B

Economics

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The _____________of a business's supply curve depends on the nature of its production.

Fill in the blank(s) with the appropriate word(s).

Economics

Used cars in Poorland sold for about 20% less than new cars of the same model manufactured in the same year. However, price differences were reduced when certified used-car dealers entered into the market for used cars in Poorland

What explains this phenomenon?

Economics