An Increase in Consumer Desire for Strawberries Is Most Likely

question 33

Multiple Choice

An increase in consumer desire for strawberries is most likely to

• A) increase the number of strawberry pickers needed by farmers.
• B) reduce the supply of strawberries.
• C) reduce the number of people willing to pick strawberries.
• D) reduce the need for strawberry pickers.

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Definitions:

Bond's Yield

The annual return on a bond investment, calculated by dividing the annual interest payments by the bond's current market price.

Market Interest Rates

The prevailing rate at which borrowers and lenders agree to conduct transactions in the financial markets.

Market Value

The current price at which an asset or service can be bought or sold in a market.

Bond Prices

The amount of money that buyers are willing to pay for bonds, which inversely correlates with the direction of interest rates.