Farmers can plant either corn or soybeans in their fields. Which of the following would cause the supply of soybeans to increase?
A) an increase in the demand for corn B) an increase in the price of soybeans
C) a decrease in the price of corn D) an increase in the price of soybean seeds
C
Economics
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If there was an adverse technological shock which decreased the demand for labor, then
A) Imports would increase. B) GDP would increase. C) Imports would decrease. D) GDP would decrease.
Economics
The real price trendline for non fuel primary commodities from 1960-2005 has been
(a) Unchanged (b) Steadily increasing (c) Steadily decreasing (d) First decreased and then increased.
Economics