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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A. increase. B. decrease. C. remain the same but their price will decrease. D. be diverted to other production.
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
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A. higher; slower B. higher; faster C. lower; faster D. lower; slower