Corn and soybeans are alternatives that could be grown by most farmers. If government subsidies for ethanol lead to higher corn prices, this will
a. increase the supply of corn.
b. increase the supply of soybeans.
c. decrease the supply of soybeans.
d. decrease the supply of corn.
e. have no effect on the supplies of corn and soybeans.
C
Economics
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Refer to above Table 2-2. Choosing the prices of year 2 gives a ________ increase in real GDP because year 2 prices place a ________ valuation on quantities that have increased ________ rapidly
A) lower, higher, least B) higher, lower, most C) higher, higher, least D) lower, lower, most
Economics
What would be the Nash equilibrium of this game?
a. Bargain hard, bargain hard b. Firm bargains hard, union accommodates c. Union bargains hard, firm accommodates d. Both B&C
Economics