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Author Question: By 1830 home manufacture had declined significantly due to: a. increased industrial organization. ... (Read 80 times)

Collmarie

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on: Jun 30, 2018
By 1830 home manufacture had declined significantly due to:
 a. increased industrial organization.
  b. increased tariffs.
  c. advances in transportation.
  d. Both a and b are correct.
  e. Both a and c are correct.

Question 2

The Commodity Credit Corporation (CCC) instituted several policies to improve the welfare of farmers. Which of the following best describes the programs' effects?
 a. The CCC price supports mandated a one-price policy on all agricultural goods.
  b. The CCC made loans to farmers, using the farmers' future crops as collateral with recourse.
  c. The CCC price supports inefficiently allocated resources, which decreased welfare.
  d. If the commodity price increased, according to the free market, then the CCC would command and collect excess profits, i.e., revenues in excess of the one-price policy, for use as loanable funds.


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Expo

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Reply #1 on: Jun 30, 2018
Answer to Question 1

e. Both a and c are correct.

Answer to Question 2

C. The CCC price supports inefficiently allocated resources, which decreased welfare.


Collmarie

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Reply 2 on: Jun 30, 2018
:D TYSM

komodo7

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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