Author Question: Refer to Figure 9.7. The amount the government will have to pay to producers to sustain this policy ... (Read 116 times)

ssal

  • Hero Member
  • *****
  • Posts: 572
Refer to Figure 9.7. The amount the government will have to pay to producers to sustain this policy is at least
 
  A) 0.
  B) 10,000.
  C) 15,000.
  D) 20,000.
  E) 100,000.

Question 2

An important determinant of the amount of grains harvested next year by Ethiopian farmers is the amount of seeds planted this year.
 
  Given that Western nations have guaranteed to donate five hundred tons of grain next year, this year the Ethiopian farmers will: A) plant more seeds as the food aid establishes a minimum price for grain.
  B) plant more seeds as the farmers' confidence is restored.
  C) plant the same amount of seeds as they would have without the food aid.
  D) plant fewer seeds as consumers demand for grain is completely price elastic.
  E) plant fewer seeds as the price of grain will be lower with the food aid.



TINA

  • Sr. Member
  • ****
  • Posts: 336
Answer to Question 1

D

Answer to Question 2

E



Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
 

Did you know?

The first oncogene was discovered in 1970 and was termed SRC (pronounced "SARK").

Did you know?

Most strokes are caused when blood clots move to a blood vessel in the brain and block blood flow to that area. Thrombolytic therapy can be used to dissolve the clot quickly. If given within 3 hours of the first stroke symptoms, this therapy can help limit stroke damage and disability.

Did you know?

Lower drug doses for elderly patients should be used first, with titrations of the dose as tolerated to prevent unwanted drug-related pharmacodynamic effects.

Did you know?

Hypertension is a silent killer because it is deadly and has no significant early symptoms. The danger from hypertension is the extra load on the heart, which can lead to hypertensive heart disease and kidney damage. This occurs without any major symptoms until the high blood pressure becomes extreme. Regular blood pressure checks are an important method of catching hypertension before it can kill you.

Did you know?

The Centers for Disease Control and Prevention has released reports detailing the deaths of infants (younger than 1 year of age) who died after being given cold and cough medications. This underscores the importance of educating parents that children younger than 2 years of age should never be given over-the-counter cold and cough medications without consulting their physicians.

For a complete list of videos, visit our video library