A farmer that is holding corn is short in the cash market.
a. true
b. false
Ans: b. false
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Inflation is an economic problem because it
A) leads inevitably to unemployment. B) makes prices less useful as signals for resource allocation. C) leads to recession. D) results in rapid increases in the money supply.
Failure to pay back a loan:
a. collude b. collateral c. default d. accelerate
Evaluate the statement: All minimum wage workers will be better off if the minimum wage rises.
What will be an ideal response?
Refer to Scenario 19.2 below to answer the question(s) that follow.SCENARIO 19.2: An individual earning $40,000 pays $3,200 in taxes. The marginal tax rate on any income earned above $40,000 is 20%.Refer to Scenario 19.2. When this person earns $60,000, her tax payment would be
A. $4,000. B. $7,200 C. $12,000. D. indeterminate from this information.