This topic contains a solution. Click here to go to the answer
« previous next »

Author Question: What is the best inference about the impact of a decrease in transportation costs? a. The demand ... (Read 55 times)

colton

  • Hero Member
  • *****
  • Posts: 627
on: Jun 30, 2018
What is the best inference about the impact of a decrease in transportation costs?
 a. The demand and supply curves will shift out, which will increase quantities of goods.
  b. The supply curve will shift out, which will lead to lower prices to consumers.
  c. Farmers will earn a smaller share of the selling price of their crops.
  d. The demand curve will shift out, which will lead to higher prices and quantities of goods.

Question 2

Concerning the effect of New Deal farm measures, Walton and Rockoff conclude that the New Deal _____.
 a. simply failed to help farmers because the farmer's terms of trade did not improve.
  b. helped the farmer to a limited extent primarily through the stimulation of aggregate demand.
  c. helped the farmer to a substantial extent by limiting farm output.
  d. helped the farmer to a substantial extent by increasing farm output.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

Joc

  • Sr. Member
  • ****
  • Posts: 317
Reply #1 on: Jun 30, 2018
Answer to Question 1

b. The supply curve will shift out, which will lead to lower prices to consumers.

Answer to Question 2

c. helped the farmer to a substantial extent by limiting farm output.


colton

  • Member
  • Posts: 627
Reply 2 on: Jun 30, 2018
:D TYSM

apple

  • Member
  • Posts: 352
Reply 3 on: Yesterday
Wow, this really help

« previous next »
 

Did you know?

Long-term mental and physical effects from substance abuse include: paranoia, psychosis, immune deficiencies, and organ damage.

Did you know?

By definition, when a medication is administered intravenously, its bioavailability is 100%.

Did you know?

Sildenafil (Viagra®) has two actions that may be of consequence in patients with heart disease. It can lower the blood pressure, and it can interact with nitrates. It should never be used in patients who are taking nitrates.

Did you know?

The use of salicylates dates back 2,500 years to Hippocrates’s recommendation of willow bark (from which a salicylate is derived) as an aid to the pains of childbirth. However, overdosage of salicylates can harm body fluids, electrolytes, the CNS, the GI tract, the ears, the lungs, the blood, the liver, and the kidneys and cause coma or death.

Did you know?

There used to be a metric calendar, as well as metric clocks. The metric calendar, or "French Republican Calendar" divided the year into 12 months, but each month was divided into three 10-day weeks. Each day had 10 decimal hours. Each hour had 100 decimal minutes. Due to lack of popularity, the metric clocks and calendars were ended in 1795, three years after they had been first marketed.

An Oil-dependent World— Supply and Demand Driven An Oil-dependent World— Supply and Demand Driven
Impact of zebra mussels on members of a Great Lake nearshore Impact of zebra mussels on members of a Great Lake nearshore
Correlates well with global temperature prior to the impact of GHG emissions Correlates well with global temperature prior to the impact of GHG emissions
The growing demand for electrical power, carbon sequestration and storage must be a priority The growing demand for electrical power, carbon sequestration and storage must be a priority
The original Supply and Demand graph The original Supply and Demand graph
During a period of high power demand, the voltage output of the power company is reduced by ... During a period of high power demand, the voltage output of the power company is reduced by ...
Video: Introduction to Autism

For a complete list of videos, visit our video library