The intended purpose of price floors is to ______.
a. help large farming corporations contribute more revenue to the local tax base
b. allow domestic farmers to trade competitively against foreign markets
c. create enough revenue for small-volume farmers to maintain a “decent” standard of living
d. encourage farmers to grow only those products which will maximize surplus for consumers
c. create enough revenue for small-volume farmers to maintain a “decent” standard of living
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If the U.S. government decreased its holdings of Mexican pesos, definitely
A) the capital and financial account would increase. B) the capital and financial account would decrease. C) there would be an increase in U.S. official reserves. D) there would be a decrease in U.S. official reserves.
A change in which of the following will change the optimal rate of output?
A. Property taxes. B. Inflation taxes. C. Profit taxes. D. Payroll taxes.