A typical wheat farmer would never consider cost-plus-markup ...

[karen]

A typical wheat farmer would never consider cost-plus-markup pricing because
 
  A) he cannot clearly estimate his costs.
  B) the most profitable price he can ask for is the prevailing market price.
  C) the government won't allow it.
  D) he is a price searcher.

Question 2

What happens when the Federal Reserve purchases U.S. government bonds?
 
  A) Interest rates rise because bonds become scarcer.
  B) Commercial bank reserves increase.
  C) The national debt declines in size.
  D) The growth rate of the money stock falls.
  E) All of the above occur.

[lorealeza77]

Answer to Question 1

B

Answer to Question 2

B

[karen]

YES! Correct, THANKS for helping me on my review

[dreamfighter72]

Thanks for the timely response, appreciate it