If the Midwest experiences a severe drought that damages the corn crops, we should expect the
a. supply of corn will decrease and the price of corn will rise.
b. demand curve for corn will decrease and the price of corn will fall.
c. demand curve for corn will increase and the price of corn will rise.
d. supply of corn will increase and the price of corn will fall.
a. supply of corn will decrease and the price of corn will rise.
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A quota
A) makes domestic producers worse off. B) makes domestic consumers worse off. C) makes both domestic producers and consumers better off. D) makes everyone worse off.
The Federal Constitution, like the laws under English rule, permitted the U.S. government to
(a) impose taxes to pay for government services and national defense. (b) regulate commerce with other countries. (c) create money and regulate its value. (d) do all of the above.
Political instability is an impediment to development mainly because it:
A. undermines both domestic and foreign investment in a developing country. B. creates cultural and social differences among groups in developing countries. C. produces excessive levels of domestic saving. D. redistributes income.
Systemic risks would be most prevalent at larger banks like Bank of America and Citibank.
Answer the following statement true (T) or false (F)