If China continues to have high rates of economic growth, then the following groups will benefit:
A) US farmers
B) US ranchers
C) US farmers and ranchers
D) neither US farmers nor ranchers
Correct Answer:
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Q16: In economics, the term, "capital" refers to:
A)
Q17: The statement, "The price of soybeans is
Q18: Economic decisions are made by:
A) relative prices
B)
Q19: A market economy:
A) allocates good by prices
B)
Q20: Scarcity:
A) is the fundamental principle of economics
B)
Q22: The relationship between the price of a
Q23: Total Revenues are equal to:
A) price times
Q24: If the price of organic food decreases
Q25: A phone call is an example of
Q26: North Korea is an example of a:
A)
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