Question: Section C: True / False / Uncertain (TFU) questions. Indicate whether you judge the following statementsto be True, False, or Uncertain.In each case explain and

Section C:True / False / Uncertain (TFU) questions. Indicate whether you judge the following statementsto be True, False, or Uncertain.In each case explain and defend your answer in several sentences.Thisexplanationwill determineyourgradeforthequestion.(5markseach;total20marks).

TFU:If the price of rice in Klaten, Central Java (an inland region in mid-Java that is a 'center' ofrice growing) is 100, and if the cost of transport to the Jakarta port is 30, and the costoftransport fromJakartatoBangkokis20,thenthefobpriceofriceatJakartaport is130.

4.TFU:When a government believes that firms storing a commodity during the off-season areonlyspeculatingandsoitbansanyonetheysuspectofspeculating(i.e.,storingthecommodity),itwill helpthefarmersoftherawcommodity by raising theirprices.

5.TFU:Agriculturalpricecyclesanddecliningrealtrendpricescannotbeobservedtogether.

6.TFU:Researchintechnologyandadoptionbyfarmersoftechnologycausesinflationoffoodprices.

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