In the Late Summer of 2005 Some Regions of the Country

question 138

Multiple Choice

In the late summer of 2005 some regions of the country were suffering from drought.What effect would we expect this to have on the stock of companies such as John Deere that manufacture farm equipment?

• A)raise the demand for existing shares of the stock,causing the price to rise
• B)decrease the demand for existing shares of the stock,causing the price to fall
• C)raise the supply of the existing shares of stock,causing the price to rise
• D)raise the supply of the existing shares of stock,causing the price to fall

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Definitions:

Economy Primarily

Refers to the main or dominant sector or aspect of an economy that drives economic activity, such as agriculture, manufacturing, or services.

Industrial

Pertaining to industry or manufacturing, characterized by the mass production of goods and the extensive use of machinery and factories.

Division Of Labor

The allocation of different tasks or jobs to different people or groups, typically to improve efficiency and productivity.

Postindustrial Societies

Societies characterized by an economy dominated by services and information processing rather than the production of goods.