Farmers as a Group Generally Prefer Bad Weather to Good

question 91

True/False

Farmers as a group generally prefer bad weather to good weather because bad weather shifts the demand curve for their product rightward and raises the price of their product.

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Definitions:

Recourse

A provision that allows a lender to seek financial compensation from a borrower if default occurs.

Capital Contributions

Funds or assets contributed to a company or partnership by owners or partners to increase its capital stock or equity.

Net Income

The net income of a company once all costs, taxes, and expenses are deducted from the total revenue.

Personal Use

The use of an asset or product for individual rather than commercial or professional purposes.