A source of demand volatility for agricultural products is:

A. The strict application of "100 percent parity" by the Department of Agriculture

B. A sharp fluctuation in foreign demand for U.S. farm products

C. The large grain harvest which resulted from excellent weather

D. The increasing mechanization of farms


B. A sharp fluctuation in foreign demand for U.S. farm products

Economics

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Suppose you plan to hold a stock for one year. You expect that, in one year, it will sell for $30 and pay a dividend of $3 per share. If your required return on equity is 10%, what is the most you should be willing to pay for the share today?

A) $3.30 B) $23 C) $30 D) $33

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For each of the following functions, describe returns to scale

a. Q = K + L b. Q = K1/2L3/4 c. Q = K2L

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The largest increase in the federal budget deficit during the following periods was from

A. 1974-1977. B. 1977-1980. C. 1980-1983. D. 1983-1986.

Economics