A farmer has 1,000 acres on which he has previously grown corn. His yield per acre is 100 bushels of corn. If the corn payment rate is $0.43 a bushel, his production flexibility contract payment equals
A) $39,600.
B) $43,000.
C) $36,550.
D) $12,345.
E) none of the above
C
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Indicate whether the statement is true or false
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Answer the following statement true (T) or false (F)
Bank runs ____ bank reserves and ____ the money supply
a. decrease; decrease b. decrease; increase c. increase; increase d. increase; decrease
Which of the following best defines the safety net?
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