If the government establishes a target price of $5, how much will the total deficiency payment to farmers be?

The three main methods that governments use to cope with an external cost of production include all of the following EXCEPT

A) taxes. B) mandating clean technology. C) cap-and-trade D) price floors.

National income differs from net national product because

a. it includes profits of corporations. b. of a statistical discrepancy. c. it includes transfer payments. d. it excludes depreciation.