If speculators expect that the future price of corn will be higher, they will cause today's price of corn to ________ and the future price of corn to be ________ than it would have been without speculation.
A) decrease; higher
B) increase; lower
C) decrease; lower
D) increase; higher
Correct Answer:
Verified
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A)
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Q121: Speculation is defined as:
A) risk taking.
B) the
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Q123: When speculators are right, they:
A) move consumption
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A) allow individuals to speculate in
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