Recall the Application about the policies used by the European Union to support the agricultural sectors of is member countries to answer the following question(s). According to this Application, in recent years the European Union has reformed its agriculture policies by reducing or eliminating minimum prices. Ceteris paribus, these policy reforms would ________ excess supply by ________ prices.
A. reduce; raising
B. reduce; lowering
C. increase; raising
D. increase; lowering
Answer: B
Economics
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Which of the following is NOT considered one of the factors of production?
A) land B) labor C) capital D) technology E) entrepreneurship
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Developing countries may have excess savings in one region and inadequate savings in another due to
a. interest rate ceilings b. fragmented markets c. inflation d. financial deepening e. all of the above
Economics