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

Author Question: What best describes what happens to the share of income spent on food as income increases? a. The ... (Read 160 times)

tatyanajohnson

  • Hero Member
  • *****
  • Posts: 569
on: Jun 30, 2018
What best describes what happens to the share of income spent on food as income increases?
 a. The share increases.
  b. The share decreases.
  c. The share stays the same.

Question 2

According to the text, what best explains the price for federal land that would have maximized real GNP?
 a. Some price above zero that maximizes government revenues to be redistributed fairly to the people.
  b. Some price above zero that minimizes negative environmental externalities.
  c. A price equal to zero that eliminates the welfare loss associated with land not used for production.
  d. A subsidized price that distributes land based on egalitarian principles.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

fatboyy09

  • Sr. Member
  • ****
  • Posts: 358
Reply #1 on: Jun 30, 2018
Answer to Question 1

b. The share decreases.

Answer to Question 2

c. A price equal to zero that eliminates the welfare loss associated with land not used for production.


tatyanajohnson

  • Member
  • Posts: 569
Reply 2 on: Jun 30, 2018
Thanks for the timely response, appreciate it

6ana001

  • Member
  • Posts: 311
Reply 3 on: Yesterday
:D TYSM

« previous next »
 

Did you know?

The first-known contraceptive was crocodile dung, used in Egypt in 2000 BC. Condoms were also reportedly used, made of animal bladders or intestines.

Did you know?

The senior population grows every year. Seniors older than 65 years of age now comprise more than 13% of the total population. However, women outlive men. In the 85-and-over age group, there are only 45 men to every 100 women.

Did you know?

Vital signs (blood pressure, temperature, pulse rate, respiration rate) should be taken before any drug administration. Patients should be informed not to use tobacco or caffeine at least 30 minutes before their appointment.

Did you know?

The newest statin drug, rosuvastatin, has been called a superstatin because it appears to reduce LDL cholesterol to a greater degree than the other approved statin drugs.

Did you know?

Only one in 10 cancer deaths is caused by the primary tumor. The vast majority of cancer mortality is caused by cells breaking away from the main tumor and metastasizing to other parts of the body, such as the brain, bones, or liver.

Developmentally appropriate food models Developmentally appropriate food models
Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo Booker T. Washington in his office at Tuskegee Institute, 1900. Washington chose a policy of accommo
A severe food shortage occurred in the Netherlands during the “Hunger Winter” of 1944–1945. A severe food shortage occurred in the Netherlands during the “Hunger Winter” of 1944–1945.
Race-Ethnicity and Income Extremes Race-Ethnicity and Income Extremes
Endocrine regulation of food intake and energy homeostasis in mammals Endocrine regulation of food intake and energy homeostasis in mammals
Sustainable Food Systems Are Environmentally Friendly, Economically Sound, and Socially Equitable Sustainable Food Systems Are Environmentally Friendly, Economically Sound, and Socially Equitable
Video: Fertilization and Development

For a complete list of videos, visit our video library