Recall the Application about the harmattan and how it affects the price of cocoa to answer the following question(s).According to this Application, the dry dust wind known as the harmattan has caused ________ of cocoa pods.
A. a decrease in the supply
B. an increase in the supply
C. an increase in the demand
D. a decrease in the demand
Answer: A
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The United States economy is
a. the third largest in the world. b. larger than all other national economies combined. c. second largest in the world, behind Japan. d. largest in the world.
If all banks are subject to a uniform 20% reserve requirement and demand deposits are the only form of money, a $1,000 open market purchase by the Fed would cause the money supply to
A. increase by $1,000. B. decrease by $1,000. C. decrease by $5,000. D. increase by $5,000.
Monetary policy is controlled by..
What will be an ideal response?
The manager of Viking Sports finds that the price elasticity of baseball bats is ?0.77. He wants to hold a sale to get rid of his inventory. What will you advise him?
What will be an ideal response?