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“Will the world starve?” This question was asked in the Economist and has been the topic of recent conferences in Washington, D.C. and in other places. According to the conference participants and others, there were at least two answers, ‘Yes’ and ‘No’. a. Using your knowledge of agriculture, rural development, population trends, technology, public policy and the history of the topic, evaluate both sides of the argument as thoroughly as possible. Then discuss what you think will actually occur in the next half century. As an economist stress the role of prices and market b. Assume you were to be appointed the Minister of Agriculture for Kenya where food production is growing more slowly than the country’s population. Explain the strategy that you would follow to promote agricultural development and growth in the country. What role does agricultural price policy play in this process?
Fiscal approach was expansionary because the full-employment budget deficit increased from one yr to the next.
Under what situation would Gore be better off giving Bush a head start on putting mutually his presidential ticket.
Calculate the amount of former foreign monopoly profit that is transferred as tariff revenue to the home country when the home country imposes the tariff.
Explain the main differences between the three main nominal anchor choices presented in Chapter 3: i) Exchange Rate Target; ii) Money supply target; and iii) Inflation target plus interest rate policy.
It would be reasonable for a typical purely competitive wheat farmer to lower his price per bushel in order to sell more. The higher sales level will cause average fixed cost to decrease and this will result in more profit for the individual farmer. ..
Rigid rules have the unintended effect of _____.
If price controls are initiated, we would expect that
Explain why at first patents might seem such as a deterrent to growth because in effect they restrict the use of new technology
Given this information, explain why this monetary policy has not yielded any results. Use the aggregate demand/aggregate supply (AD/AS) model to aid in your answer, and assume the economy is in a long-term equilibrium as your starting point. A good a..
Joe won $365,000 a year for life in the state lottery. Use the labor-leisure choice analysis to answer the following. show how Joe's lottery winnings affect the position of his budget line. Joe's utility function for goods per day (Y) and hours of le..
St Atanagio is a remote island in the Atlantic. The inhabitants grow corn and breed poultry. The accompanying table shows the maximum annual output combinations of corn and poultry that can be produced. Obviously, given their limited resources and..
In markets economics, firms rarely worry about the availability of inputs to produce their products, whereas in command economies input availability is a constant concern. Why the diference.
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