The high price of agricultural land is basically

A) the cause of high food prices.
B) the result of high food prices.
C) unrelated to food prices because processing costs dominate food prices.
D) unrelated to food prices because there is no opportunity cost of producing land.

B

Economics

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Refer to Figure 11.4. Which diagram illustrates the effect of an increase in the marginal propensity to consume?

A) A B) B C) C D) D

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Explain why the European exchange rate mechanism (ERM) ran into problems in the 1990s

What will be an ideal response?

Economics