Johnny Deer exclusively grew corn in each of the past three years. Under the Food, Conservation, and Energy Act of 2008, Deer:
A. must grow corn in the current year in order to receive direct payments from the federal
government.
B. can grow whatever crop he wants to in the current year but will only receive direct
payments from the federal government if the price of corn falls below a targeted price.
C. will receive countercyclical payments if the price of corn falls below a targeted price, even
though he does not grow corn in the current year.
D. must grow something other than corn to qualify for direct payments from the federal
government.
Answer: C
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When the United States trades with China,
a. both countries will likely benefit. b. only United States will benefit. c. only China will benefit. d. neither country will benefit.
There is a positive relationship between the demand for loanable funds and the real interest rate
Indicate whether the statement is true or false
If a country is importing more than they are exporting, the current account will have a ________ balance and the capital and financial account will have a ________ balance
A) negative; positive B) negative; negative C) positive; negative D) positive; positive