Economist working for private information service argues

Assignment Help Business Economics
Reference no: EM131162146

An economist working for a private information service argues that it would be better for the US economy if the USDA stopped providing public information on crop production levels and projected prices. He argues that the use of public tax dollars is inappropriate and does not serve a substantial public good or increase efficiency. Do you agree or disagree with this assessment? What would you project would be the outcome if the USDA stopped providing this information?

Reference no: EM131162146

Questions Cloud

How each of the factors would shift the demand curve : An advertising campaign that makes people more aware of the benefits of chiropractic care
Two identical firms compete as cournot duopoly : Two identical firms compete as a Cournot duopoly. The inverse market demand they face is P = 150 - 2Q. The cost function for each firm is C(Q) = 6Q. The total industry output will be
Solid sphere of uniform density : Given the information below, determine the possible effects on the water level L, (R-Rises, F-Falls, U-Unchanged), when that sphere is replaced by a new solid sphere of uniform density.
Patients struggle with activities : Dementia and Alzheimer's patients struggle with activities of daily living. How are simple tasks like daily medication a challenge? How do you provide patient education? How do you communicate with a patient advocate or caregiver? Write a one-page..
Economist working for private information service argues : An economist working for a private information service argues that it would be better for the US economy if the USDA stopped providing public information on crop production levels and projected prices.
New solid sphere of uniform density : A small solid sphere of mass M0, of radius R0, and of uniform density ρ0is placed in a large bowl containing water. It floats and the level of the water in the dish is L. Given the information below, determine the possible effects on the water lev..
Changes in the discount rate are initiated by : Assume total reserves are $1 million, checkable deposits are $5 million, and the reserve requirement is 10 percent. What are the excess reserves? If depositors withdraw their funds and create a shortage of reserves, bankers. Changes in the discount r..
What is the maximum amount in new loans : If the entire amount of Hometown Bank's new loans is spent and the funds are deposited in Bank B, by how much can Bank B increase its loan making?
What is a breeder reactor : What is a breeder reactor? (Please describe, in a couple of short paragraphs, what it does that is different from a typical power reactor; and, roughly, how it does it.) What are the advantages and dangers?

Reviews

Write a Review

Business Economics Questions & Answers

  Change the decision to purchase the equipment

A new material handling equipment is being economically evaluated separately by engineers. the first cost is 107000, and salvage value of 35000. Both engineers estimated that the revenues from the equipment will generate 27000 per year. use the PW to..

  The direction of the shifts in equilibriums and risk premium

In 2010, and 2011, the government of Greece risked defaulting on its debt due to a severe budget crisis. Using bond market graphs as shown in class show the effect on the risk premium between U.S. Treasury debt and comparable maturity Greek debt. Ple..

  When companies expand into the international arena

When companies expand into the international arena, they do so either because their home market has matured or because they see real opportunities in the foreign market. Discuss which kinds of international strategies are most appropriate for compani..

  How can the three basic assumptions of human behavior

How can the three basic assumptions of human behavior ( people are rational, people respond to incenititives and optimal decisions are made on the margin) be called the backbone of supply and demand?

  Inflation has an impact on the foreign direct investment

I understand that inflation has an impact on the foreign direct investment. But can the opposite be true? The amount of foreign direct investment has an impact on the inflation of the country that receives the investment?

  Give a real world example for such preferences and for goods

Suppose that Colin’s preferences for goods X and Y can be represented by the utility function U(x,y)=min{x,y}, where x (respectively, y) is the amount of X (respectively, Y) that he consumes. Give a real world example for such preferences and for goo..

  Small lawn-mowing service

Consider the owners of a small lawn-mowing service. They can use one of two methods to mow lawns. Method 1 is to purchase a tractor that costs $200 a year to own and then spend $1 (for labor and gas) for every acre of grass cut. Method 2 is to spend ..

  What conditions will an increase in the price of product

In what conditions will an increase in the price of a product lead to a reduction in total spending for that production.

  Considering increasing the full social security retirement

The government is considering increasing the full Social Security retirement age to 75. If this occurs, how do you expect this change would affect how much on-the-job training that workers will want to obtain over their working life?

  What is the capitalized worth of system-sewage system

A city is spending $20 million on a new sewage system. The expected life of the system is 40 years, and it will have no market value at the end of it life. Operating and maintenance expenses for the system are projected to average $0.6 million per ye..

  Use their land to grown either wheat or corn

Suppose farmers can use their land to grown either wheat or corn. The law of supply predicts that an increase in the market price of wheat will cause:

  What is mitchells optimal consumption

Mitchell's income is $150, the price of X is $4, and the price of Y is $2. Given these prices and income, Mitchell buys 20 units of X and 35 units of Y. Call this combination of X and Y bundle J. At bundle J, Mitchell's MRS is 1. Given these prices a..

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd