The United States is the largest consumer and importer of grains and other agricultural output in the world
a. True
b. False
Indicate whether the statement is true or false
False
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A firm produces its product using both capital and labor. When it does not change its capital usage, but doubles its labor input, its output increases by less than 50 percent. Which of the following is the most likely explanation of this finding?
A) the principle of opportunity cost B) the spillover principle C) the principle of diminishing returns D) the marginal principle
What is the future value of $1 (i) after 18 years if the interest rate is 4 percent, (ii) after 12 years if the interest rate is 6 percent, (iii) after 9 years if the interest rate is 8 percent, and (iv) after 6 years if the interest rate is 12
percent?
Refer to Table 9-2. In Year 2, if the supply of money measured by M2 was $1,000 billion, then the components of M2 not shown in the table must have totaled
A) less than $250 billion. B) $250 billion. C) $300 billion. D) $450 billion.
What is the value of the deposit multiplier?
A) 0.1 B) 0.2 C) 1 D) 5