In March, the quantity of orange juice sold in the town of Jackson was 3000 cartons and the price $3. In May, the quantity of orange juice sold in the town of Jackson was 3500 cartons and the price was $3.20
This change in the price and quantity sold could have been the result of A) the release of a medical study suggesting that consuming orange juice helps prevent cancer.
B) a reduction in the number of orange juice coupons provided by local markets.
C) the after effects of a cold winter in Florida that killed half of the orange cro
A
You might also like to view...
Which of the following countries received a loan from the IMF in November 2008?
A) Japan B) China C) Hungary D) Mexico
Investment banks purchase new security issues in the hope of making a profit. This is the act of
A) reinsuring. B) factoring. C) syndicating. D) underwriting.
If countries where wages are far lower than those in the U.S. manufacture similar but vastly cheaper products, then:
a. U.S. consumers will buy those cheaper products b. U.S. producers will lose customers c. There will be a downward pressure on U.S. wages, and reduced employment d. All of the above statements are true.
Data on the unemployment rate in the U.S. since 1960 show that the unemployment rate sometimes is close to zero
a. True b. False Indicate whether the statement is true or false