If beginning stocks for 2014/2015 are adjusted upward in the May (2014) WASDE report, then the estimate of the supply of corn for 2014/15:

a. Is decreased
b. Is increased
c. Is not affected by the adjustment


b. Is increased

Economics

You might also like to view...

The economist known for his early empirical work supporting the efficient markets hypothesis is

A) Milton Friedman. B) John Muth. C) Eugene Fama. D) Glenn Hubbard.

Economics

In a perfectly competitive industry, the price of good A is $2 . If a firm in this industry decides to increase its price to $2.50, it will:

a. realize an increase in profit of $0.50 per unit output. b. be able to increase the quantity sold of good A. c. be unable to sell any quantity of good A that is produced. d. lose some of its customers in the market. e. experience a decrease in profit of $0.50 per unit output.

Economics

Which of the following statements about market economies is correct?

a. In a market economy, no one is looking out for the economic well-being of society as a whole. b. Market economies are characterized by decentralized decision making and self-interested decision makers. c. Market economies have proven remarkably successful in promoting overall economic well-being. d. All of the above are correct.

Economics

The regular earnings profile of an individual throughout his or her lifetime is

A) the Lorenz curve. B) the age-earnings cycle. C) wealth. D) income-in-kind.

Economics