Author Question: In 2008, Agriculture Secretary Ed Schafer announced that Chile's Livestock and Agricultural Service ... (Read 45 times)

drink · **on:** Jun 29, 2018

In 2008, Agriculture Secretary Ed Schafer announced that Chile's Livestock and Agricultural Service approved the U.S. inspection, control and certification systems for poultry, allowing these products to enter the Chilean market.

What is NOT an effect of this change in Chilean policy on the Chilean poultry market? A) Chile's tariff revenue will increase.
B) The quantity of poultry consumed in Chile will increase.
C) The quantity of Chilean imports will increase.
D) The price for poultry in Chile will decrease.

Question 2

Hilda buys only cauliflower, Qc, and geraniums, Qg. The equation for Hilda's initial budget line is 40 = 2 Qc + 4 Qg.

If Hilda's income increases by 20, the price of cauliflower decreases by 1, and the price of geraniums increases by 1, the equation of her new budget line is ________. A) 60 = 1 Qc + 5 Qg
B) 60 + 1 Qc = 5 Qg
C) 0 = 60 + 1 Qc + 5 Qg
D) 60 = 5 Qc - 1 Qg