Which of the following ismostlikely 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.
Answer: D
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The ________ the marginal tax rate, the ________ the effect on aggregate expenditure from a change in investment
A) smaller; smaller B) smaller; larger C) larger; smaller D) larger; larger E) More information about the effect on GDP is needed to answer the question.
Money exchanges are more efficient than barter because:
a. money exchanges do not require a double coincidence of wants. b. the government guarantees the value of money. c. money usually has an intrinsic value. d. money is backed by a physical commodity. e. opportunity costs are higher with barter trades.