In the long run, most economists agree that a permanent increase in government spending leads to ________ crowding out of private spending

Marginal profit is the addition to a firm's total profit from a

a. $1 change in its price. b. one-unit change in its output. c. reduction in total cost. d. reduction in marginal cost.

In a move to free the economy from unnecessary regulation, Congress decides to remove sugar price supports. What would most likely happen to the number of producers of sugar?

a. It would decrease, because sugar prices would fall. b. It would decrease, because sugar prices would rise. c. It would increase, because sugar prices would fall. d. It would increase, because sugar prices would rise.