Which it would strengthen if Cargill closed a processing plant in the local area.
A. It tends to be more predictable than the cash price.
B. It can be negative or positive.
C. It is fairly consistent seasonally over time.
D. of the following is not true about the basis?
Answer: A. It tends to be more predictable than the cash price.
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If the MPC is 0.8, what change in investment spending is required to effect a total change in income by $60 billion?
A. $25 billion B. $15 billion C. $20 billion D. $12 billion
The Board of Governors is the
A) Presidents of the 12 regional banks of the Federal Reserve. B) 7-member group that oversees the Federal Reserve. C) 12-member monetary policy committee of the Federal Reserve. D) 50-member organization of state banking regulators of the Federal Reserve.
The use of incentive payments for salespeople combats
A) both adverse selection and moral hazard. B) neither adverse selection nor moral hazard. C) adverse selection but not moral hazard. D) moral hazard but not adverse selection.
A car dealer wants to get rid of the stock of last year's model. Assume that the dealer knows from past experience that the price elasticity of demand for cars is unitary (= 1)
If the price of the cars is currently $20,000 and the dealer wants to increase the quantity demanded from 30 units to 50 units, what must the new price be if the dealer is to sell the 20 additional cars? A) $10,000 B) $12,000 C) $16,000 D) $18,000