Recycling rates for aluminum, paper, and glass have been increasing in the United States.
Answer the following statement true (T) or false (F)
True
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When a nation imports a good, its ________ surplus decreases and its ________ surplus increases
A) consumer; producer B) consumer; consumer C) producer; producer D) producer; consumer E) total; consumer
Which of the following development strategies emphasize freer trade?
a. Import substitution b. Export promotion c. Higher export tariffs d. Higher import tariffs
The Law of Supply states that, other things being constant, when the price of a good increases then;
a) Supply and demand both decrease. b) Demand increases and supply decreases. c) The quantity demanded decreases. d) The quantity supplied increases.
If your forecast of the local cash price for next July is $88.80/cwt, and predict that the basis with respect to the August futures will be $7.30/cwt in July. Then, the current August futures price is
A. $96.10/cwt B. $81.50/cwt C. $12.16/cwt D. not enough information provided