Which one of the following would be considered to be a risk management technique used by farmers?
A. Changing the parity ratio
B. Increasing product demand
C. Buying more arable farm land
D. Using crop revenue insurance
D. Using crop revenue insurance
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Suppose that a disease that affects people who consume beef has been discovered in the United States. One likely result is:
A. an increase in buyers' reservation prices for beef. B. a decrease in demand for beef. C. a decrease in demand for chicken. D. a decrease in the quantity demanded of beef.
The bid-ask spread:
a. Shows the relative value of two currencies. b. Shows the relative value of three or more currencies. c. Is determined by the government. d. Is usually zero due to efficient markets. e. Represents the profit margin of the financial institution.
The provision of loan guarantees can improve economic efficiency when
What will be an ideal response?
Suppose workers' and firms' expectations of the price level and productivity are accurate. In this case, a reduction in productivity will cause which of the following?
A) a decrease in both the real wage and the natural rate of unemployment B) an increase in both the real wage and the natural rate of unemployment C) a decrease in the real wage and no change in the natural rate of unemployment D) an increase in the real wage and a decrease in the natural rate of unemployment E) none of the above