Refer to the data provided in Table 11.2 below to answer the following question(s). Table 11.2 
Refer to Table 11.2. If the interest rate is 11%, then the farmer will only
A. buy the bookkeeping software and the grain storage tanks.
B. buy the tractor.
C. buy the tractor and the irrigation system.
D. buy the bookkeeping software.
Answer: C
You might also like to view...
Which of the following is an example of an automatic stabilizer?
a. Decrease in tax rates by Congress in times of unemployment b. Decrease in tax rates by Congress in times of inflation c. Increase in government defense spending during war d. Increase in unemployment compensation during recession e. Decrease in welfare programs during inflation
Risk is typically measured:
a. by comparing the size of a firm to other firms operating in the market. b. by looking at the economic profit that a firm has earned in the past few years. c. by determining whether the bonds issued by a firm are of high or low value. d. by comparing how much the stock price fluctuates compared with an average firm. e. by comparing how much the price of the bond falls whenever the price of a firm's product rises.
Increases in spending on education will lead to an increase in student performance.
A. True B. False C. Uncertain
For a fixed inflation rate target, a decrease in the inflation rate corresponds to a ________ the aggregate demand curve and a decrease in exogenous spending corresponds to a ________ the aggregate demand curve.
A. movement down; shift left of B. shift left of; shift right of C. shift left of; movement up D. movement up; shift right of