The biggest plunge in farm incomes occurred
A. The early 1900s.
B. After WWII.
C. During the Great Depression of the 1930s.
D. During WWI.
Answer: B
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Lunch Counter The Lunchbox is one of many options for workers in Lanford, IL to get a quick and tasty meal at reasonable prices. They wanted to raise prices but did not know if the demand would fall off too much. They decided to raise prices and wait
and see before making the increases permanent. In the first week after they raised prices on the menu an average of 10%, they served fewer lunches but their revenue did not fall. Based on this, they decided to keep the new menu. Would you expect revenue to continue at this level?
What is the value of a newly issued 3-year bond with a face value of $5,000 and no coupon payments? Assume the interest rate is 8 percent (0.08) per year
a. $4,629.63 b. $5,000.00 c. $3,969.16 d. $3,756.57 e. $4,545.45
Refer to the table shown. From this table we can conclude that:Cost (in euros) of producing wine and an electric generator FranceGermanyWine1020Electric Generator10,00030,000
A. Germany has a comparative advantage in wine and France has a comparative advantage in electric generators. B. France has a comparative advantage in wine and Germany has a comparative advantage in electric generators. C. France has a comparative advantage in both goods. D. Germany has a comparative advantage in both goods.
(Ref 8-7 Table: Producer Surplus and Phantom Tickets) The table Producer Surplus and Phantom Tickets shows the minimum price at which each of the students is willing to sell a ticket to Phantom of the Opera. Assume that each student has only one ticket to sell. Given the information in the table, if these students can sell their Phantom tickets for only $5, then:
A. the total producer surplus for the five students will be $330.
B. Tim will be the only student not to sell his ticket.
C. the total producer surplus for the five students will be $4.
D. Whitney, Ralph, and Rick will sell their tickets.