If the parity ratio goes from 0.8 to 0.7, it means that the prices received by farmers had:
A. Fallen by 12.5% relative to the prices they paid
B. Fallen by 10% relative to the prices they paid
C. Risen by 12.5% relative to the prices they paid
D. Risen by 10% relative to the prices they paid
A. Fallen by 12.5% relative to the prices they paid
Economics
You might also like to view...
The gold standard ended with the:
a. rise of Napoleon to power. b. American Declaration of Independence. c. outbreak of World War I. d. first Arab oil embargo. e. presidency of Richard Nixon.
Economics
Economics is similar to other social science disciplines in that it examines individual and social behavior
Indicate whether the statement is true or false
Economics