Between 2006 and 2013, corn prices
A. rose far faster than inflation.
B. rose at about the overall rate of inflation.
C. remained largely constant even in nominal terms.
D. rose far slower than inflation.
Answer: A
You might also like to view...
What is the four-firm concentration ratio if the four largest firms in an industry account for 5 percent, 6 percent, 7 percent, and 8 percent of total revenue?
A) 26 percent B) 174 percent C) 1,680 D) There is enough information given to answer the question, but none of the answers above are correct. E) There is not enough information given to answer the question.
The tools, instruments, machines, and buildings that people use to produce goods and services are called human capital
Indicate whether the statement is true or false
If the price of a product increases, we would expect
A) the level of demand to decrease. B) quantity supplied to increase. C) the level of supply to increase. D) an increase in quantity demanded.
Which of the following statements is true?
a. Foreigners owned $16.30 in U.S. assets b. U.S. residents owned $13.8 trillion in foreign assets c. U.S. residents owned $2.5 trillion more assets in the United States than foreigners owned abroad d. Foreign purchases of assets in the U.S. subtract from America's productive capacity e. Income from foreign-owned assets in the U.S. flows to Americans