an announcement that the "beginning stocks" of corn were higher than expected is an indication that:
a) prices would be expected to decrease more than previously expected
b) prices would be expected to increase more than previously expected
c) there is no effect on prices: stocks are unrelated to the level of future prices
a) prices would be expected to decrease more than previously expected
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Pat earns $25,000 per year (after taxes), and Pat's spouse, Chris, earns $35,000 (after taxes). They have two pre-school-aged children. Childcare for their children costs $12,000 per year. Given that Chris doesn't want to stay home with the kids, regardless of what Pat does, Pat should stay home with the kids if, and only if, the value of Pat spending more time with the kids is greater than:
A. $13,000 per year. B. $37,000 per year. C. $25,000 per year. D. $12,000 per year.
A choice made _______ is a choice whether to do a little more or a little less of something.
A) at the front end B) in the beginning C) at the margin D) all of the above.
The distinction between M1 and M2 is based on
A. portability—the ease with which an asset can be moved. B. divisibility—the ease with which an asset can be used to make smaller payments. C. liquidity—the ease with which an asset can be converted into cash. D. storability—how long an asset will retain its value.
"Near-monies" are included in:
A. both M1 and M2. B. M2 only. C. M1 only. D. neither M1 nor M2.