Recall the Application About the Possible Link Between the Value

question 140

Multiple Choice

Recall the Application about the possible link between the value of the U.S. dollar and the worldwide increase in commodity prices to answer the following question(s) . Starting in the summer of 2010, there was a rise in prices of commodities such as oil and food worldwide. Some economists suggested that monetary policy in the United States was the cause of the worldwide commodity boom.
-According to this Application, Janet L. Yellen, the Vice-Chair of the Board of Governors, believes that ________ in worldwide demand and ________ of supply were the primary cause of the worldwide increase in commodity prices.

• A) increases; surpluses
• B) increases; shortages
• C) decreases; surpluses
• D) decreases; shortages

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Definitions:

Proprietorships

A sole proprietorship is a type of business entity that is owned and operated by one individual, with no legal distinction between the owner and the business.

Services

Economic activities offered by one party to another, often involving the provision of expertise or labor.

Corporation

A legal entity that is separate and distinct from its owners, recognized as a person under law, capable of rights, duties, and holding property.

Legally Separate

A term used to describe entities that are recognized as distinct legal entities under the law, capable of entering into agreements and holding assets independently.