Which of the following groups would be most adversely affected by food aid?
a. Manufacturers in the country providing aid
b. Government in the country providing aid
c. Government in the country receiving aid
d. Citizens in the country providing aid
e. Farmers in the country receiving aid
e
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Suppose that for the past two months, you have studied economics one hour a day. You now decide to study economics two hours a day. For the past two months
A) your marginal cost of studying economics for an hour must have exceeded its marginal benefit. B) the marginal cost of studying economics must have fallen. C) your marginal benefit from studying economics an hour must have been greater than its marginal cost. D) the opportunity cost of studying economics must have risen.
A surplus is defined as the situation that exists when the quantity of a good supplied is greater than the quantity demanded
Indicate whether the statement is true or false