Price floors in agriculture lead to
A) efficient farming techniques being employed.
B) surpluses of supported farm products.
C) more competition in farming.
D) the most efficient market solution.
Answer: B
Economics
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The assumption of asymmetric information means that
A) borrowers and lenders have the same information. B) borrowers and lenders have perfect information. C) borrowers know more than lenders. D) lenders know more than borrowers.
Economics
U.S. citizens migrating to Illinois in the first half of the 19th century would most likely have come from:
a. Massachusetts and New Jersey. b. California and Oregon. c. North and South Carolina. d. Up the Mississippi River from Louisiana and Mississippi.
Economics