The parity price ratio is defined by the equation
a. prices paid by farmers prices received by farmers
b. prices received by farmersprices paid by farmers
c. loans received by farmersprices paid by farmers
d. prices received by farmerstotal farm subsidies
e. total farm loans total farm subsidies
B
Economics
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The ultimate or absolute measure of value in the opportunity cost perspective
A) does not exist. B) is the labor embodied in goods. C) is the money price of the goods. D) is the nonrenewable resources consumed in producing the goods.
Economics
Nancy would like to double the money in her retirement account in five years. According to the rule of 70, what rate of interest would she need to earn to attain her objective?
a. 5 percent b. 7 percent c. 10 percent d. 14 percent
Economics