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If the Cost of Fertilizer Rises, Then the Price of Corn

question 41

Multiple Choice

If the cost of fertilizer rises, then the price of corn will:


Definitions:

Developing Nations

Countries with a lower standard of living, underdeveloped industrial base, and lower Human Development Index relative to other countries.

Illegal Immigration

The act of residing in a country without the legal permission of its government.

Complementary Inputs

Inputs that are used together in production, such that the decrease in the price of one input increases the demand for the other input.

Consumer Goods

Products and services that satisfy human wants directly.

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