Which of the following increases the supply of corn?
a. Farmers that grow soybeans can also grow corn, and the price of soybeans drops by 75 percent.
b. Congress and the President eliminate subsidies formerly paid to corn farmers.
c. The farm worker's union successfully negotiates a pay increase for corn harvest workers.
d. The Surgeon General announces that eating corn bread contributes to baldness in men.
a
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It is possible to have a comparative advantage in producing a good or service without having an absolute advantage
Indicate whether the statement is true or false
Economists distinguish a "normal" good from an "inferior" good by focusing on
A) how a change in income effects the demand for that good. B) the good's quality. C) the good's durability. D) the good's desirability. E) all of the above.