The United States is the world's leading grain-producing nation. Exporting grain causes the:
a. domestic consumption of grain to rise because of the added foreign demand
b. price of grain in the domestic market to fall because foreigners are now taking some of the domestic demand.
c. price of grain to domestic consumers to rise because of the added foreign demand.
d. standard of living of foreigners to fall because of the lost purchasing power.
c
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Referring to Situation #1 suppose that you decide that you have to fire the first and the third executive without hiring any replacements
What would be the opportunity cost of the second executive's work? Explain why your answer is not the same as in the question above.
Micromania has recently experienced a slowdown in its labor productivity growth relative to its international trading partners. Micromania can expect, if this trend continues, the currency of its trading partners to be devalued
Indicate whether the statement is true or false
Nate collected Social Security payments of $220 a month in 1985 . If the price index rose from 90 to 108 between 1985 and 1986, then his Social Security payments for 1986 should have been
a. $228. b. $238. c. $257. d. $264.
The government debt is equal to the ... plus ...
What will be an ideal response?