Refer to the data provided in Table 11.2 below to answer the following question(s). Table 11.2 
Refer to Table 11.2. If the interest rate is 11%, then the farmer will only
A. buy the tractor and the irrigation system.
B. buy the bookkeeping software and the grain storage tanks.
C. buy the bookkeeping software.
D. buy the tractor.
Answer: A
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Indifference curves:
a. may sometimes intersect. b. are contour lines only of a linear utility function. c. are convex if the utility function is quasi-concave. d. shift when prices change.
Why do negative externalities like pollution result in inefficiency?
A. Because producers artificially restrict their supply. B. Because producers ignore the external costs they impose on third-parties. C. Because producers manufacture more goods than people can afford to buy. D. Because producers will receive an unequal distribution of profits.
Explain what effect an increase in the future expected interest rate will have on the IS curve and LM curve in the current period
What will be an ideal response?