Suppose That an Increase in the Global Demand for Corn

question 66

Multiple Choice

Suppose that an increase in the global demand for corn has pushed the equilibrium price of corn above the government's support price. Which of the following would be true?

• A)price would stay at the support price and government would not buy any corn.
• B)quantity supplied would equal quantity demanded.
• C)quantity supplied would be greater than quantity demanded and the government would buy more corn.
• D)quantity supplied would be less than quantity demanded and the government would have to sell corn.

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Definitions:

Ethical

Pertaining to morality or the principles of morality; concerned with determining what is right and wrong.

Unconditioned Stimulus

In traditional conditioning, a stimulus instinctively and spontaneously evokes a reaction without any previous learning.

Little Albert

is a reference to a famous psychology experiment by John B. Watson and Rosalie Rayner that studied classical conditioning in humans, particularly the development of a fear response in a young boy.

Loud Noise

A sound that is high in volume or intensity, which can be distracting or harmful, causing stress, hearing loss, or other negative effects on health and well-being.