An increase in the U.S. cattle herd in Texas because of favorable market conditions will
A. shift the supply curve of US corn to the right.
B. shift the supply curve of US corn to the left.
C. shift the demand curve for US corn to the right.
D. shift the demand curve for US corn to the left.
Ans: C. shift the demand curve for US corn to the right.
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A) a change in the multiplier B) a change in business or consumer confidence C) an increase in autonomous tax revenue D) All of these would shift the IS curve.
The capital-labor ratio is the value of the economy's capital stock divided by GDP
Indicate whether the statement is true or false
Speculating in a position exposed to exchange-rate risk is the act of reducing or eliminating a net asset or net liability position in the foreign currency.
Answer the following statement true (T) or false (F)
In the long run the monopolistic competitor will be _____________.
A. making a profit B. taking a loss C. breaking even D. None of the choices are correct.