Under the target price program,
A) the government ends up buying the surplus product that results.
B) taxpayers pay the difference between the price consumers pay and the target price.
C) deficiency payments are made to both rich and poor farmers.
D) the surplus that results is sometimes dumped or otherwise wasted.
E) b and c
E
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When the price level rises there is a ________ the aggregate demand curve
A) movement down along B) rotation of C) rightward shift of D) leftward shift of E) movement up along
A problem with using the price of a product similar to the intermediate good sold on the market is
a. the market price includes a margin above marginal cost b. the product on the market may include costly features your downstream division does not use c. the product on the market may be cheap because it is not as high of quality as your downstream division uses d. all of the above