In the short run after a country engages in free trade, wages and land rents can be expected to rise in the expanding sector of the country.

Which of the following is counted as part of M2?

a. Currency b. All of the answers are correct. c. Money market funds d. Checkable deposits at commercial banks

Tasty Chicken Inc. is a large producer of chicken for grocery stores. It usually engages in a long-term contract with these stores to maintain demand for its product. However, Tasty Chicken is regularly plagued with rising and falling prices for its supplies: particularly chicken feed and new chicks. Should Tasty Chicken vertically integrate upstream, building or buying a hatching company and an animal feed company? What are the pluses and minuses of such a decision?

What will be an ideal response?