Of all the money spent on farm price supports, about ______ percent goes to large corporate farms.
A. 25
B. 50
C. 75
D. 95
C. 75
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An insolvent bank is one that owes more money to its depositors than it has in cash, loans, and other assets
Indicate whether the statement is true or false
The concept of demand as used in economic theory expresses the relationship between the quantity of a good people will want to purchase and
A) the price of complementary goods. B) the price of that good. C) the supply of substitute goods. D) the supply of that good. E) their welfare overall.
If a corporation begins to suffer large losses, then the default risk on the corporate bond will
A) increase and the bond's return will become more uncertain, meaning the expected return on the corporate bond will fall. B) increase and the bond's return will become less uncertain, meaning the expected return on the corporate bond will fall. C) decrease and the bond's return will become less uncertain, meaning the expected return on the corporate bond will fall. D) decrease and the bond's return will become less uncertain, meaning the expected return on the corporate bond will rise.
One way DeBeers managed to maintain control over the diamond industry was to:
A. continue to be the sole diamond producer by buying all existing diamonds. B. create the illusion of no close substitutes through marketing. C. punish consumers who sought to store their wealth in diamonds. D. All of these statements are true.