How Does a Soybean Farmer Lock in a Price of $5.40

question 86

Multiple Choice

How does a soybean farmer lock in a price of $5.40 per bushel when the cash price at harvest is only $4.90?

• A) Profit in futures market to offset loss in cash market by selling futures contract at $5.40/bushel.
• B) Break even in both markets by buying a futures contract at $5.40/bushel.
• C) Profit in cash market to offset loss in futures market by buying futures contract at $5.40/bushel.
• D) Break even in both markets by selling a futures contract at $5.40/bushel.

Identify field experiments and their applications in studying human behaviors.

Understand the concept and impact of confounding variables in research designs.

Understand the importance and methods of reducing bias in psychological experiments.

Comprehend the ethical considerations in psychological research, including informed consent and debriefing.

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Definitions:

Symbolic Interaction

A sociological perspective that explores how individuals create meanings through their interactions with others, based on the use of symbols.

Biological Factors

Aspects of biology that influence or determine the physical and psychological characteristics of an organism, including genetics and physiology.

Social Factors

Elements within society that influence the ways in which individuals behave and interact, such as cultural norms, education, and family systems.

Ethical

Pertaining to morals, principles of right and wrong conduct, and the philosophy regarding what is morally right or wrong.