Which of the following would be most appropriate for the measurement of differences in the average standard of living of people at different points in time? Select one:

Government assistance to farmers, which seeks to maintain a target price by buying surplus output, results in

A) higher prices and less food for consumers. B) higher prices and more food for consumers. C) lower prices and less food for consumers. D) lower prices and more food for consumers.

If a nation's government determines that consumption of cigarettes should be discouraged, then this means that the government has judged cigarettes to be a(n)

A) government-sponsored good. B) exclusive good. C) government-inhibited good. D) public good.