Supply-restricting policies are intended to __________ prices and __________ farmers' revenues
A) lower; increase
B) lower; reduce
C) raise; increase
D) raise; reduce
C
Economics
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If a market changes from oligopoly to perfect competition, then as a result
A. Prices should rise in the long run. B. Profitability should rise in the long run. C. Fewer resources will be allocated to the market. D. Output should increase in the long run.
Economics
The demand for U.S. government bonds is high relative to other bond issues because:
A. liquidity of other bond issues is high relative to U.S. government bonds. B. market for U.S. government bonds is more liquid than most if not all other bond markets. C. U.S. bond market has low transaction spreads due to high illiquidity. D. U.S. government bonds have higher default.
Economics