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Author Question: What preconceptions do you have of developing countries? What do those preconceptions lead you to ... (Read 257 times)

MGLQZ

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on: Jun 30, 2018
What preconceptions do you have of developing countries? What do those preconceptions lead you to expect from this course?
 
  What will be an ideal response?

Question 2

What are some of the likely consequences of price ceilings on agricultural inputs?
 
  What will be an ideal response?


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miss_1456@hotmail.com

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

This is totally student-oriented question, calling on the student's own knowledge and hopes.

Answer to Question 2

As with output, a price ceiling on an input will create a shortage, but if the government subsidizes the producer of the input, the result will be inefficiency in production and overuse of the input.


MGLQZ

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Reply 2 on: Jun 30, 2018
YES! Correct, THANKS for helping me on my review

fatboyy09

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Reply 3 on: Yesterday
Excellent

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