Refer to the accompanying figure. At a price of $9, there will be:
A. an excess demand of 5 units.
B. an excess supply of 5 units.
C. an excess supply of 6 units.
D. an excess demand of 1 unit.
Answer: B
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Of the 2.2 million working farms in the U.S., _________ of them produce more than $5,000 worth of agricultural products.
A. one quarter B. half C. three quarters D. one third
When the economy is producing the maximum amount that it can, increasing the money supply will cause prices and output to increase
Indicate whether the statement is true or false
Which of the following statements about the rate of return is NOT correct?
A) The total rate of return may be greater or less than the current yield. B) The total rate of return may be greater or less than the rate of capital gain. C) The total rate of return may never be negative. D) The total rate of return is greater than the coupon, holding everything else constant.
The bulk of exports from industrial countries are
a. manufactured goods b. primary products c. agricultural goods d. raw materials e. raw sugar products