Predictable outcome droughts in market adjustments

The predictable outcome of the 2001 to 2002 droughts within the U.S. farm belt was to: (w) raise the price and quantity of farm goods sold. (x) stimulate exports of U.S. wheat. (y) reduce the supplies, and increase the prices of farm goods. (z) boost demands and prices for farm goods.

Hello guys I want your advice. Please recommend some views for above economics problems.

View Complete Question

Related Questions in Public Economics

Q : Define economic assumption of

As per the economic assumption of rationality, there people: (w) always behave with ideal rationality. (x) never behave in erratic or random ways. (y) tend to make decisions consistent along with their goals. (z) foresee completely the effects of thei

Q : Explain about the positive technical

Positive technical statements: (w) need value judgments. (x) should be valid by definition. (y) can be proved and tested or disproved by fact and logic. (z) are the excellent guides in specifying economic policies.

Q : Find out supply shifted to higher

This market for clothing started on S0 and D0. Inside this market for clothing,: (w) demand has increased, possibly because of a raise in income. (x) new equilibrium price lies below the original equilibrium price. (y) supply may have transferred

Q : Eccentricities of Jeremy Bentham The

The eccentricities of Jeremy Bentham (from 1748 to 1832) did not comprise: (i) allowing a pet pig to freely roam his mansion. (ii) petitioning the London Council for permission to replace shrubbery beside his driveway along with mummi

Q : Entry-exit of competitive firms in long

When a typical firm in a perfectly competitive industry is earning profits, in that case: w) all firms will carry on earning profits. x) new firms will enter into the long run causing market supply to reduce, market price to rise and

Q : With whom is Economists LEAST concerned

Economists are LEAST related along with the: (w) gains and losses from changes in government policies. (x) adjustments people make when tax structures change. (y) causes of inflation and unemployment. (z) ethics of political campaigning.

Q : Idealized version of pure capitalism

Beneath an idealized version of the pure capitalism, governments would be least probable to offer: (1) Judicial systems to defend private property rights. (2) National defense. (3) Standardized forms of money. (4) Court systems to implement contracts.

Q : Spending money for enhancement in

Choosing NOT to spend the additional money required to enhance the safety of a dangerous traffic intersection is an illustration of: (v) macroeconomic policy decisions. (w) positive economics. (x) how society assigns prices to human lives. (y) economic inefficiency. (

Q : Limits of Technological Advances

Technological advances would not comprise: (i) Native Americans demonstrating Pilgrims how crops grow faster when rotten fish are dropped within with seeds they plant. (ii) pouring coffee through a coffee pot you obtained as a birthday gift. (iii) new

Q : Invisible hand of Adam Smith “

“Invisible hand” of Adam Smith refers to the combined results of: (w) monopoly plus altruism. (x) democracy and freedom. (y) self-interest plus competition. (z) taxes and government regulation.

Discover Q & A

Leading Solution Library

Avail More Than 1458172 Solved problems, classrooms assignments, textbook's solutions, for quick Downloads

No hassle, Instant Access

Start Discovering

18,76,764

1940149
Asked

3,689

Active Tutors

1458172

Questions
Answered

Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!

Submit Assignment