If ranchers in Texas fear a sharp drop in cattle prices next year, they will probably
A) bring less cattle to market this year.
B) bring more cattle to market this year.
C) keep supply unchanged now and bring more cattle to market next year.
D) keep supply unchanged now and bring less cattle to market next year.
E) do none of the above.
B
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The Federal Reserve Act:
a. established a system which allowed for better regulation of financial intermediaries. b. allowed only nationally-chartered banks to become members of the Federal Reserve system. c. allowed the Fed District Banks to offer commercial loans to private businesses at reduced interest rates. d. required that all Fed District Bank directors be associated with the commercial banking industry. e. all of the above.
If the government imposes a tax of $3,000 on everyone, the tax would be a(n)
a. income tax. b. consumption tax. c. lump-sum tax. d. marginal tax.