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Author Question: What would best characterize the relationship between corn prices, wheat prices and the public sale ... (Read 27 times)

RRMR

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on: Jun 30, 2018
What would best characterize the relationship between corn prices, wheat prices and the public sale of western land (OH, IL, IN, MI, IA, WI, MO) between 1815-1860?
 a. All three were very positively correlated.
  b. Land sales increased first, which drew people to move and produce more crops, which increased the crop prices.
  c. As land sales increased, corn prices increased and wheat prices decreased as farmers substituted from wheat to corn.
  d. Land sales were negatively related to both the wheat and corn prices.

Question 2

During the Great Depression, real GDP decreased by roughly ____ percent and unemployment rose to roughly ____ percent.
 a. 5; 10
  b. 20; 10
  c. 30;25
  d. 50;25


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lou

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Reply #1 on: Jun 30, 2018
Answer to Question 1

a. All three were very positively correlated.

Answer to Question 2

c. 30;25


RRMR

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Reply 2 on: Jun 30, 2018
Great answer, keep it coming :)

flexer1n1

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Reply 3 on: Yesterday
Gracias!

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