The downward-sloping aggregate demand curve is partly due to the:
A. positive relationship between the price level and government spending.
B. positive relationship between the price level and net exports.
C. negative relationship between the price level and net exports.
D. negative relationship between the price level and government spending.
Answer: C
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A price support on milk is not in the interest of milk drinkers, so why do elected public officials successfully implement milk price supports?
A) Milk price supports are in the public interest. B) A small number of households (dairy farmers) gain a great deal, while the costs of the support program is spread among millions of other (milk drinking) households. C) Dairy farmers are selfish. D) Milk drinkers are generally unselfish.
Knowledge workers are becoming more common relative to production workers
Indicate whether the statement is true or false