Given the short-run instability of farm incomes, many farmers use some form of "hedging" to smooth out their incomes over time, including the following except:
A. Crop revenue insurance
B. Futures markets
C. Contracting with processors
D. Forming a cartel to fix prices
D. Forming a cartel to fix prices
You might also like to view...
The cost of using an additional unit of an input is called the
A) marginal revenue product. B) marginal physical product cost. C) marginal factor cost. D) marginal product of labor.
What type of relationship exists between the marginal propensity to consume (MPC) and the multiplier? Explain why this relationship exists, giving a hypothetical numerical example to help support your answer
Because the aggregate supply curve rises more steeply as the economy approaches full employment,
A. The recessionary GDP gap becomes larger. B. Aggregate demand shifts to the left. C. It becomes easier to reach full employment. D. Inflation tends to accelerate.
Refer to the information provided in Figure 15.5 below to answer the question(s) that follow. 
Figure 15.5 Refer to Figure 15.5. In the long run in this monopolistically competitive industry,
A. firms will leave the industry until each firm earns an economic profit. B. firms will enter the industry, which will increase the demand for the product. C. the government will subsidize the firms to eliminate any losses the firms incur. D. some firms will leave the industry until the remaining firms earn a normal profit.