What will be the effects of a severe Florida freeze on the price of orange-juice-concentrate futures and what will occur as a result?
A) The futures price will fall and less orange juice will be consumed currently.
B) The futures price will fall and more orange juice will be consumed currently.
C) The futures price will rise and less orange juice will be consumed currently.
D) The futures price will rise and more orange juice will be consumed currently.
C
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The single largest expenditure by state and local governments is on
a. highways. b. police. c. public welfare. d. education.
For a monopoly, when marginal revenue is zero:
A. marginal revenue is minimized. B. total revenue is maximized. C. profits are maximized. D. marginal costs are minimized.
The demand for commodity X is represented by the equation P = 10 - 0.2Q and supply by the equation P = 2 + 0.2Q. If demand changes from P = 10 - .2Q to P = 7 - .3Q, the new equilibrium price is
A. 2. B. 4. C. 6. D. 10.
The business cycle is actually a continuous series of different
What will be an ideal response?