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

Author Question: What would be the impact of a virus that infected the Midwestern corn crop? a. Price of corn ... (Read 142 times)

Redwolflake15

  • Hero Member
  • *****
  • Posts: 569
on: Jun 30, 2018
What would be the impact of a virus that infected the Midwestern corn crop?
 a. Price of corn increases and the price of wheat decreases
  b. Price of corn decreases and the quantity of wheat increases
  c. Quantities of corn and wheat increase
  d. Quantity of corn decreases and the price of wheat increases

Question 2

The Stock Market Crash of 1929 probably contributed ____ to the Great Depression because _____.
 a. little, it did no more than wipe out the speculative gains made earlier.
  b. little, the Fed responded by increasing the money supply.
  c. a good deal, corporations could no longer raise investment funds.
  d. a good deal, consumer confidence and spending on durables were reduced.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
Marked as best answer by a Subject Expert

yeungji

  • Sr. Member
  • ****
  • Posts: 319
Reply #1 on: Jun 30, 2018
Answer to Question 1

d. Quantity of corn decreases and the price of wheat increases.
Corn Market: The virus is represented by a shift back in the supply curve, which increases the price and decreases the quantity of corn - rule out answers b and c. Wheat Market: Because corn and wheat are substitutes, the increase in the price of corn would shift the demand for wheat out (people substitute from corn to wheat). An increase in demand for wheat would increase both the quantity and price of wheat.

Answer to Question 2

d. a good deal, consumer confidence and spending on durables were reduced.


Redwolflake15

  • Member
  • Posts: 569
Reply 2 on: Jun 30, 2018
:D TYSM

dreamfighter72

  • Member
  • Posts: 355
Reply 3 on: Yesterday
Great answer, keep it coming :)

« previous next »
 

Did you know?

There are major differences in the metabolism of morphine and the illegal drug heroin. Morphine mostly produces its CNS effects through m-receptors, and at k- and d-receptors. Heroin has a slight affinity for opiate receptors. Most of its actions are due to metabolism to active metabolites (6-acetylmorphine, morphine, and morphine-6-glucuronide).

Did you know?

You should not take more than 1,000 mg of vitamin E per day. Doses above this amount increase the risk of bleeding problems that can lead to a stroke.

Did you know?

Every 10 seconds, a person in the United States goes to the emergency room complaining of head pain. About 1.2 million visits are for acute migraine attacks.

Did you know?

Inotropic therapy does not have a role in the treatment of most heart failure patients. These drugs can make patients feel and function better but usually do not lengthen the predicted length of their lives.

Did you know?

When blood is deoxygenated and flowing back to the heart through the veins, it is dark reddish-blue in color. Blood in the arteries that is oxygenated and flowing out to the body is bright red. Whereas arterial blood comes out in spurts, venous blood flows.

Human immunodeficiency virus. Human immunodeficiency virus.
Ebola Virus Geographic Distribution Ebola Virus Geographic Distribution
Bird being tested for West Nile virus. Bird being tested for West Nile virus.
The structure of the influenza virus The structure of the influenza virus
A farmer is building a new cylindrical silo that will hold 1800 cm3 of corn. Wha A farmer is building a new cylindrical silo that will hold 1800 cm3 of corn. Wha
An example of a cell-mediated immune response targeting virus-infected cells. An example of a cell-mediated immune response targeting virus-infected cells.
Video: hGH (protein synthesis, growth and development)

For a complete list of videos, visit our video library