today the futures price for corn for december delivery in chicago is $3.30/bu and yesterday it was $3.40/bu. today the local cash price is $3.05/bu/ today, the local basis is:
a) $0.35/bu
b) -$.035/bu
c) $0.25/bu
d) -$0.25/bu
e) not enough information is provided
d) -$0.25/bu
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The aspects of the society's rule that concern economic transactions are referred to as:
A) economic principles. B) economic institutions. C) financial regulations. D) economic ideals.
In the Keynesian cross diagram, an increase in investment spending because companies become more optimistic about investment profitability causes the aggregate demand function to shift up, the equilibrium level of aggregate output to ________, and
the IS curve to shift to the ________, everything else held constant. A) rise; left B) rise; right C) fall; left D) fall; right
Compared to Western Europe, over the last three decades unemployment in United States has been ________ and the rate of job creation has been ________.
A. higher; slower B. higher; faster C. lower; faster D. lower; slower
If you remove resources from factory production, the quantity of factory goods will:
A. increase. B. decrease. C. remain the same but their price will decrease. D. be diverted to other production.