An inverted structure in futures commodity prices (prices falling over time) from the December to May contract
A. potentially rewards storing the commodity for selling later.
B. means potentially higher expected profits from postponing selling to May.
C. usually means higher expected profits from selling farm output in December rather than in May.
D. Both A and B.
Ans: C. usually means higher expected profits from selling farm output in December rather than in May.
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Income inequality is greatest in which of these four? countries?
A. Britain B. France C. United States D. Japan
Which of the following is likely to cause a fall in the wage rate and an increase in the number of workers hired in a local cotton mill?
A) A reduction in wage paid in a nearby jute mill B) The introduction of labor-saving technology in the mill C) The introduction of labor-complementary technology in the mill D) A decrease in the population of the region in which the cotton mill is located