If Speculators Expect That the Future Price of Corn Will

question 184

Multiple Choice

If speculators expect that the future price of corn will be higher, they will cause today's price of corn to ________ and the future price of corn to be ________ than it would have been without speculation.

• A) decrease; higher
• B) increase; lower
• C) decrease; lower
• D) increase; higher

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Definitions:

Main Street

Symbolically represents the average or typical American city or town, especially in the context of small business and community values.

Middle-Class Bigotry

Prejudice and narrow-mindedness often found within the middle socioeconomic class, usually towards those of different social classes, races, or cultures.

Capitalism

An economic system characterized by private or corporate ownership of goods and services, and where production, distribution, and prices are determined mainly by competition in a free market.

Mega-Church

Refers to a very large Christian congregation, often associated with evangelical Protestantism, characterized by thousands of members and a wide range of social and community services.