If land suitable for growing corn is also suitable for growing soybeans, and soybeans were found to prevent cancer,
A) the demand for corn would decrease.
B) there would be no effect on the cost of growing corn.
C) the supply (curve) of soybeans would increase.
D) the cost of growing corn would rise.
E) the cost of growing corn would fall.
D
Economics
You might also like to view...
If for a given year nominal GDP is $2000 billion and real GDP is $1500 billion, then the GDP price index is
A) 100. B) 1.33. C) 750. D) 0.75. E) 133.
Economics
When considering the velocity of money, the Federal Reserve is most concerned about its
A) stability. B) absolute size. C) determinants. D) sign.
Economics