The recent WASDE report shows a decrease in expected imports of wheat. The US "total supply" of wheat for the crop year is estimated to:
a. Increase
b. Decrease
c. Remain unchanged
d. Can't tell from available information
b. Decrease
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Does a perfectly competitive producer have any incentive to lower its price so it is below the current market price? Explain your answer
What will be an ideal response?
Explain why bond prices and interest rates are inversely related.
What will be an ideal response?
Which of the following is a positive statement?
a. An unemployment rate of 7 percent or higher is a national disgrace. b. Unemployment is a less important problem than inflation. c. When the national unemployment rate is 7 percent, the unemployment rate for inner-city youth is often close to 40 percent. d. Unemployment and inflation are equally important problems. e. An inflation rate of 7 percent is too high.
When parties are risk averse, cases with more at stake are less likely to settle outside court
Indicate whether the statement is true or false