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What is trading possibility frontier?
as in production possibility curve compares production rates of two commodities, this compares prices of different commodities.
What are the functions of prices in a market economy?
Prices are a mechanism by which commodities are efficiently allocated in ideal conditions; prices send a signal about the value of a commodity.
Prices increased by what percent between 1980 and 2003?
They increased by different amounts in different countries.
According to the demand-pull theory of inflation what is responsible for inflation?
producers raise prices to meet increased costs
Which economic system has relative prices change to reflect changes in supply and demand for different commodities is known as a?
Price or market system
What does agflllation mean?
'Agflation' is the rising food prices caused by increased demand for agricultural commodities.
Where can a person go to find the latest prices on commodities?
A person can find the latest prices on commodities from several locations. CNN, Bloomberg News, Nasdaq, and Reuters all broadcast the latest up to date prices of commodities, both on their television channel as well as on their websites.
What happens if the prices of commodities fall?
When the prices of the commodities fall, the demand of that commodity usually increases. On the same note the supply of the given commodity usually decreases as well.
What has the author Arbab Ikramullah written?
Arbab Ikramullah has written: 'Prices of agricultural commodities in Bannu, 1961-70' -- subject(s): Agricultural prices 'Prices of agricultural commodities in Kohat, 1961-74' -- subject(s): Agricultural prices, Farm produce, Prices
How are commodities priced?
Commodity prices are quoted on either a spot or future basis on an electronic board each time they change. Future prices are quoted based on the date of delivery of the contracted commodities.
What is trading possibility frontier?
as in production possibility curve compares production rates of two commodities, this compares prices of different commodities.
Which organization keep a check on prices of essential commodities?
MRTP organisation
What are the functions of prices in a market economy?
Prices are a mechanism by which commodities are efficiently allocated in ideal conditions; prices send a signal about the value of a commodity.
What could one find on the website Futures and Commodities?
Futures and Commodities is a website dedicated to following the prices of commodities like natural gas, oil, and gold among others. The site also takes a look at the past and potential future of these commodities.
Ticket prices for a concert increased from 8.00 to10.00 what was the percent of the increase?
Prices increased by 25%
Why is it risky to depend on selling oil to the world?
Because prices can fluctuate rapidly with such commodities.
What is the Commodity Credit Corporation authorized to do?
to support prices of agricultural commodities through loans, purchases, payments, and other operations; support production and marketing of agricultural commodities; procure agricultural commodities for sale to other government agencies
