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The Wall Street Journal (newspaper) of September 23, 2014, reported a few African countries decreased "their planned purchases of corn" and "estimates are for a "smaller corn crop" than previously anticipated. From this information we can conclude that the: A. Demand for corn has decreased and the supply of corn has increased. B. Demand for corn has increased and the supply of corn has decreased. C. Demand for corn has decreased and the supply of corn has decreased. D. Demand for corn has increased and the supply of corn has increased.
The banking industry in Athens, Ohio currently has 4 banks with market shares of 60%, 20%, 15% and 5%. The 2 smallest banks have proposed merging. Under the standard merger guidelines of the Fed and DOJ, is a merger likely to be approved? If so, why?..
The exit of farms from a market should:
The purpose of this assessment is to help you analyze the factors that lead to fluctuations in oil prices. Assessment Description: Use a credible source to research oil prices. Based on your research, answer the following questions: Why is the price ..
Draw the budget constraints, indifference curves, and the income consumption curve for a good (bagels) that has an income elasticity that is perfectly inelastic on horizontal axis, and another normal good on (salads) on the vertical axis.
q1. explain how does a country become an importer of a good? an exporter of a good? illustrate what is a tariff?
A 5 percent increase in the price of digital apps reduces the amount of tablet devices demanded by 3 percent. What is the cross price elasticity of demand? Are tablet devices and digital apps complements or substitutes?
Suppose that Market demand for golf balls is described by Q= 90-3p, Where Q is measured in kilos of balls. There are two firms that supply the market. Firm 1 can produce a kilo of balls at a constant unit cost of $15 whereas firm 2 have a constant un..
If the Bank of Canada sells $100 million worth of bonds to the public in an open market operation, what is the change in quantity of money that will eventually result? Assume that the currency drain is 0.15 and the desired reserve ratio is 0.05, and ..
Apply one (1) of the following economic concepts (supply, demand, market structures, elasticity, costs of production, GDP, Unemployment, inflation, aggregate demand, and aggregate supply) to the key points that you highlighted in Question 1.
Your group of rural cabin owners is considering a small renewable energy project that would average 100 kW of output year-round, with an expected lifetime of 20 years. The project has a capital cost of $280,000, and a salvage value of $30,000. The co..
Assuming Norma has no other capital gains or losses, how does this information affect her taxable income for 2010.
As a move from China's current monetary policy of using Renmenbi as the fixed exchange rate regime, what would be the possible costs and benefits of China's economic development process and its standing in the world economy and its trade after Septem..
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