An Added Perspective in the text shows that the average size of Japanese rice farms is growing and productivity is improving. This will likely cause __________ and generate requests for ____________

a. prices to increase; price ceilings
b. prices to increase; price floors
c. supplies to increase; price ceilings
d. prices to decrease; price ceilings
e. prices to decrease; price floors

E

Economics

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Among potential stores of value, money

A) offers the highest rate of return. B) increases in value during periods of inflation. C) provides more services than the other assets. D) has the advantage of being the most liquid asset.

Economics

In the real world we don't observe countries completely specializing in the production of goods for which they have a comparative advantage. All of the following are reasons for this except

A) not all goods and services are traded internationally. B) some countries have more resources than other countries. C) tastes for many traded goods are different in many countries because of globalization. D) production of most goods involves increasing opportunity costs.

Economics