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1. WASHINGTON - Scorching heat and the worst drought in nearly a half-century are threatening to send food prices up, spooking consumers and leading to worries about global food costs. On Wednesday, the government said it expected the record-breaking weather to drive up the price for groceries next year, including milk, beef, chicken and pork. The drought is now affecting 88 percent of the corn crop, a staple of processed foods and animal feed as well as the nation's leading farm export. (NY TIMES)Use Supply and Demand analysis to answer the following questions:How does the drought affect the supply of corn?How does this affect the prices of milk, beef, chicken and pork?
2. NEW YORK--- Sushi bars are opening up in vast numbers in American cities. Consumption of sushi, the raw-fish delicacy from Japan, has soared in the United States in recent years. Nevertheless, the price of sushi has remained relatively constant.Use Supply and Demand analysis to answer the following questions:What happen to the supply and demand for sushi?Why has the price of sushi remained constant?
Expalin why do many economists believe that the market system is the most efficient economic system for allocating resources.
Find out Trade Stats Express also find out National Trade Data. Determine the trade balance between the U.S. and China for the period of 2005-2011.
Compute producer surplus, how much is the difference between the producer surplus and profit in this case
If the Federal Reserve sells government bonds, will short-term interest rates rise or fall. Explain how this will affect aggregate demand and the rate of growth of the economy.
Discuss the impact of these relations in the economies of Europe, China, and the U.S. Create a table in Microsoft Word to present the data and your analysis based on the data.
Nominal GDP in a country was $8,759.9 billion in 2003 & $9,254.6 billion in 2004. The price index was 102.86 for 2003 & 104.37 for 2004.
Explain how would it change as PM Company adopts additional international market expansion strategies. How long and what will it take to actually change the organizational structure.
Decrease demand will send the price down again. It is uncertain, therefore, that the tax will really raise the price.
The demand for salt is relatively price inelastic where the demand for pretzels is relatively price elastic. How can you best explain why
The idea that countries should produce and sell goods that they produce most effectively and efficiently, and buy goods that other countries produce most effectively and efficiently, is known as.
Keynesian Economics: Suppose the following about the economy of the United States: Government spending = 660, planned investment (Ip) = 215, autonomous consumption is 200, net exports is 100 and taxes are 100. In addition, for each additional $1 o..
One of the important points of week one is scarcity and it applies to resources. What are resources Give some examples of the resources that you have at your disposal and how you use those resources. What makes them scarce
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