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Author Question: The high price of agricultural land is basically A) the cause of high food prices. B) the result ... (Read 93 times)

khang

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on: Jun 29, 2018
The high price of agricultural land is basically
 
  A) the cause of high food prices.
  B) the result of high food prices.
  C) unrelated to food prices because processing costs dominate food prices.
  D) unrelated to food prices because there is no opportunity cost of producing land.

Question 2

What is signaling?
 
  What will be an ideal response?


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sylvia

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Reply #1 on: Jun 29, 2018
Answer to Question 1

B

Answer to Question 2

Signaling refers to an action that an individual with private information takes in order to convince others about his or her information.


khang

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Reply 2 on: Jun 29, 2018
Great answer, keep it coming :)

sultansheikh

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Reply 3 on: Yesterday
Thanks for the timely response, appreciate it

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