Direct controls have a clear advantage when a total ban is necessary
a. True
b. False
Indicate whether the statement is true or false
True
Economics
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What is meant by crowding out? Explain the difference between crowding out in the short run and in the long run
What will be an ideal response?
Economics
When agricultural production increases, the total amount paid for agricultural products tends to
a. increase because demand is price elastic b. decrease because demand is price elastic c. increase because demand is price inelastic d. decrease because demand is price inelastic e. remain constant because demand is price inelastic
Economics