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The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
Edition 13ISBN: 9780132992695The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
Edition 13ISBN: 9780132992695 Exercise 14
World watch Institute regularly predicted an increased scarcity of grain worldwide in the coming year and warns that the world is about to run out of food.
(a) How could you use the commodity futures page in the newspaper to evaluate this prediction?
(b) If professional speculators disagree with the forecasts of the World watch Institute, in whose forecasts would you have more confidence? Why?
(c) Do you think that the people at World watch Institute buy wheat futures at the time they issue their forecasts? Should they?
(a) How could you use the commodity futures page in the newspaper to evaluate this prediction?
(b) If professional speculators disagree with the forecasts of the World watch Institute, in whose forecasts would you have more confidence? Why?
(c) Do you think that the people at World watch Institute buy wheat futures at the time they issue their forecasts? Should they?
Explanation
Verified
Verified
Since the World-watch Institute predict ...
The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
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