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 58 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
Wow, this really help

skipfourms123

  • Member
  • Posts: 343
Reply 3 on: Yesterday
Excellent

« previous next »
 

Did you know?

The B-complex vitamins and vitamin C are not stored in the body and must be replaced each day.

Did you know?

Many people have small pouches in their colons that bulge outward through weak spots. Each pouch is called a diverticulum. About 10% of Americans older than age 40 years have diverticulosis, which, when the pouches become infected or inflamed, is called diverticulitis. The main cause of diverticular disease is a low-fiber diet.

Did you know?

To prove that stomach ulcers were caused by bacteria and not by stress, a researcher consumed an entire laboratory beaker full of bacterial culture. After this, he did indeed develop stomach ulcers, and won the Nobel Prize for his discovery.

Did you know?

The highest suicide rate in the United States is among people ages 65 years and older. Almost 15% of people in this age group commit suicide every year.

Did you know?

Famous people who died from poisoning or drug overdose include, Adolf Hitler, Socrates, Juan Ponce de Leon, Marilyn Monroe, Judy Garland, and John Belushi.

Throughout history, technology has had an impact on families. Today is no exception. Throughout history, technology has had an impact on families. Today is no exception.
Methods of Cellular Transportation Methods of Cellular Transportation
The ability of a community to cope, adapt to, and mitigate the accelerating impact of climate change The ability of a community to cope, adapt to, and mitigate the accelerating impact of climate change
The growth in demand for energy use is met by burning fossil fuels The growth in demand for energy use is met by burning fossil fuels
Economic recession in 2008 saw a small decrease in demand Economic recession in 2008 saw a small decrease in demand
Tuition Costs Tuition Costs
Video: Types of Shock (Part 2 of 2)

For a complete list of videos, visit our video library