Public investment in crop breeding has tended to emphasize longer term research while investment by the private sector has emphasized:
a. Investment in animal agriculture
b. Investment to encourage small scale production
c. Investment in cultivar development with short term payoffs
d. All of the above
c. Investment in cultivar development with short term payoffs
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Which of the following tend to be at a disadvantage in periods of rising prices?
a. debtors. b. people with fixed incomes. c. salespeople whose commissions are very susceptible to price changes. d. All of these.
What type of relationship has probably been formed if two or more parties agree to combine their efforts for a single business transaction?
In the diagram, the range of diminishing marginal returns is:
A. 0Q 3 .
B. 0Q
C. Q 1 Q 2 .
D. Q 1 Q
What is the ratchet effect? How does it apply to price level changes in the economy as aggregate demand changes?
What will be an ideal response?