Refer to the information provided in Figure 23.2 below to answer the question(s) that follow. Figure 23.2Refer to Figure 23.2. Jerry's ________ equals his ________ at Point A.

A key element of the classical growth theory is that

A) low taxes promote economic growth. B) an increase in population leads to increase in labor supply and a decline in real GDP per person. C) economic growth can be sustained as long as government intervention does not occur. D) increases in technology drive economic growth. E) market forces drive economic growth.

Which of the following is true about the basis?

A. It tends to be less predictable than the cash price. B. It can be negative or positive. C. It is fairly consistent seasonally over time. D. B and C are correct