________: the farm sector often produces more than it can sell at a desired price, leading to rising stocks of surplus commodities such as corn and cheese
Fill in the blank(s) with correct word
Excess capacity
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In the economic way of thinking, traffic congestion is a sign of
A) a surplus of people. B) a surplus of automobiles. C) a shortage of buses. D) a negative externality.
When Kim in Korea buys stock in GE (General Electric), NCO:
A. decreases. B. is unaffected. C. increases. D. is zero.
The IMF offers loans to developing countries in times of balance of payment constraints, but the IMF also faces strong criticisms because:
A. contractionary fiscal policy and expansionary monetary policy tend to be ineffective against balance of payment constraints. B. contractionary fiscal and monetary policies are always undesirable for any developing country. C. it employs economists that know little about developing countries and their economic affairs. D. the conditions tend to be procyclical, therefore worsening the recessions.
A firm's total investment in receivables depends primarily on the firm's:
A. total sales and cash discount period. B. cash to credit sales ratio. C. bad debt ratio. D.average collection period and amount of credit sales. E. amount of credit sales and cash discount percentage.