If corn products are found to cause cancer, then the most immediate effect will be that the
A. Supply curve for corn will shift left.
B. Supply curve for corn will shift right.
C. Demand curve for corn will shift left.
D. None of the choices are correct.
Answer: C
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Explain why shutting down and going out-of-business are different concepts
What will be an ideal response?
What is one reason for the high interest rates for home loans offered to those with low credit ratings?
A) Predatory lending practices B) Those with lower credit ratings faced a restricted supply of loans, ceteris paribus. C) Those with lower credit ratings typically demand greater loans, ceteris paribus. D) Government regulation
If the equilibrium exchange rate between U.S. dollars and Japanese yen is $0.01 = 1 yen, but currently the exchange rate is $0.009 = 1 yen, then with flexible exchange rates the dollar price of a yen will __________ and the yen will __________
A) increase; appreciate B) decrease; appreciate C) increase; depreciate D) decrease; depreciate
Refer to the accompanying figure. Growing 1,000 bushels of wheat and no bushels of corn each year is:
A. inefficient but attainable. B. efficient and attainable. C. inefficient and unattainable. D. efficient but unattainable.