The figure above shows that the government provides a subsidy to the farmers of ________ million

A commodity speculator who thinks next fall's corn harvest will actually be much larger than most people now anticipate will want to

A) buy corn now for sale in September. B) buy September corn futures. C) buy land suitable for growing corn. D) sell September corn futures. E) sell corn in September from stocks accumulated between now and September.

The basic purpose of economic models is to:

a. construct simplifying assumptions about the real world. b. explain reality in all its complexity. c. construct situations where controlled experiments can be carried out. d. provide explanations for, and predictions of the relationship between variables.