Which of the following determines equilibrium wages in perfectly competitive labor markets?

Planned expenditures equal real disposable income

A) at every point on the saving function. B) at every point on the consumption function. C) at every point on the 45-degree line. D) when saving equals zero.

Governments often intervene in agricultural markets by

A) granting subsidies. B) setting production quotas that will increase production. C) setting price floors that reduce prices for buyers. D) imposing heavy taxes on farm products.