The largest volume of trade in the world occurs between the United States and

The corn basis in Nevada is about -$0.20/bu. The corn basis in Gilbert is about -$0.25/bu. Where a corn farmer located in Ames, halfway between Nevada and Gilbert, should ship his corn to make the most money?

A. Nevada. B. Gilbert. C. The farmer is indifferent between the two locations because they are the same distance from him. D. None of the above.

In the aggregate expenditures model, if an economy operates below equilibrium GDP, there will be unplanned inventory depletion

a. True b. False Indicate whether the statement is true or false