Which of the following is most likely to increase the supply of corn?
a. The farm worker's union successfully negotiates a pay increase for corn harvest workers.
b. The Surgeon General announces that eating corn bread contributes to baldness in men.
c. Congress and the President eliminate subsidies formerly paid to corn farmers.
d. Farmers that grow soybeans can also grow corn, and the price of soybeans drops by 75 percent.
d
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The combination of legal and illegal immigrants in the United States creates a Ushaped pattern between the number of immigrants and:
a. wages of competing b. American workers. their wages. c. their educational level. d. their jobs.
The ability of a firm or country to produce a good or service at a lower opportunity cost than other producers is called comparative advantage
Indicate whether the statement is true or false