Refer to the Article Summary. All else equal, the lower production costs should help offset some of the falling income and
A) prevent losses from occurring in the agricultural sector.
B) keep profits from falling to an even lower level.
C) reduce the equilibrium quantity of agricultural output.
D) keep prices from falling to an even lower level.
B
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Exports of U.S. goods create a ________ U.S. dollars and create a ________ foreign currencies
A) demand for; demand for. B) supply of; supply of C) demand for; supply of D) supply of; demand for
If medical insurers could use information contained in DNA to predict the likelihood of major medical illnesses, the most likely outcome is that:
A. there would be an adverse selection problem and average insurance rates would fall. B. the adverse selection problem would be decreased and average insurance rates would fall. C. the adverse selection problem would be decreased and average insurance rates would rise. D. there would be an adverse selection problem and average insurance rates would rise.