Recall the Application about weather-linked crop insurance to answer the following question(s).According to the Application, farmers in poor countries hesitate to increase their investments in fertilizer and seeds due to:
A. unpredictable weather patterns.
B. very predictable weather patterns.
C. lack of property rights.
D. government regulation.
Answer: A
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If money raised in the issue of new stocks and bonds is used effectively,
a. the income from them is not subject to double taxation. b. a firm need not meet SEC requirements. c. the stock is being "watered." d. they generate the means of repayment.
With a price elasticity of demand of 0.45, when the price of soybeans falls by 10 percent, the quantity demanded of soybeans rises by approximately _____________ percent
A) 4.50 B) 45.0 C) 0.45 D) 0.56
Refer to the graph below, which shows the market for bicycles. S1 and D1 are the original supply and demand curves. D2 and D3 and S2 and S3 are possible new demand and supply curves. Starting from the initial equilibrium (point 1), which point on the
graph is most likely to be the new equilibrium after an increase in wages of bicycle workers, and a significant increase in the price of gasoline?
A. 6
B. 3
C. 4
D. 5
Refer to the figure shown, which represents the production possibilities frontiers for Countries A and B. Which of the following statements can be said of Country A? Country A:
A. has the comparative advantage in car and truck production. B. does not possess the comparative advantage in either good. C. has the comparative advantage in truck production only. D. has the comparative advantage in car production only.