If market participants believe next year's corn crop is likely to be unusually large:
A. it will be impossible to find someone to take the long position in a futures contract.
B. the current spot market price of corn is likely to be above the futures price of corn.
C. the current spot market price of corn is likely to be below the futures price of corn.
D. it would be impossible to find someone to take the short position in a futures contract.
Answer: B
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Given the equations for C, I, G, and NX below, what is the marginal propensity to consume?
C = 1,000 + 0.8Y I = 1,500 G =1,250 NX = 100 A) 0.2 B) 0.8 C) 1.8 D) 10
It takes __________ consecutive monthly changes in the LEI before a change in economic activity is being foreshadowed
A) two B) three C) four D) six
This graph demonstrates the domestic demand and supply for a good, as well as the world price for that good.
According to the graph shown, if this economy were to open to trade, domestic prices would:
A. remain $14 for domestically produced goods, and be $10 for those units imported. B. drop to $10 for all units. C. increase to $17 for all units sold. D. remain $14, with more units sold overall.
If a larger percentage of Americans attended college, the wage premium would probably
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