In the 1990s, Congress considered an agriculture bill that would gradually reduce price supports for many agricultural products. If the bill were to be approved, what would most likely happen to the number of families employed in agriculture?
A. It would decrease, because agricultural prices would fall.
B. It would decrease, because agricultural prices would rise.
C. It would increase, because agricultural prices would fall.
D. It would increase, because agricultural prices would rise.
Answer: A
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A) how a person can get everything he or she wants. B) how choices made in the social interest must conflict with choices made in the self-interest. C) the way to eliminate choices in our decisions. D) the choices that societies, and the people and institutions that make up societies, make in dealing with the issue of scarcity. E) the reason money exists.
Consumption spending includes spending on durable goods, nondurable goods, and services
Indicate whether the statement is true or false