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Microeconomics 20th Edition by McConnell, Sean Flynn, Stanley Brue
Edition 20ISBN: 978-1308221281Microeconomics 20th Edition by McConnell, Sean Flynn, Stanley Brue
Edition 20ISBN: 978-1308221281 Exercise 9
Do you agree with each of the following statements Explain why or why not.
a. The problem with U.S. agriculture is that there are too many farmers. That is not the fault of farmers but the fault of government programs.
b. The Federal government ought to buy up all U.S. farm surpluses and give them away to developing nations.
c. All industries would like government price supports if they could get them; agriculture has obtained price supports only because of its strong political clout.
a. The problem with U.S. agriculture is that there are too many farmers. That is not the fault of farmers but the fault of government programs.
b. The Federal government ought to buy up all U.S. farm surpluses and give them away to developing nations.
c. All industries would like government price supports if they could get them; agriculture has obtained price supports only because of its strong political clout.
Explanation
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Because the marginal utility of money di...
Microeconomics 20th Edition by McConnell, Sean Flynn, Stanley Brue
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