News about high levels of criminal activity in South Africa discourages American tourists from visiting South Africa. This decline in the number of tourists from the USA will lead to:
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News about high levels of criminal activity in South Africa discourages American tourists from visiting South Africa. This decline in the number of tourists from the USA will lead to:
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- A decrease in the cost of the flour used to bake bread is most likely toCoffee is now the second most traded commodity in the world after crude oil. Not only has demand for various coffee products risen sharply in Western countries in recent years, increasingly there is also greater taste for coffee drinks in developing countries such as China and India. In addition, by-products of coffee beans have become popular such as coffee leaves which can be used to brew a tea with known health benefits. However, as a natural produce, coffee plants are subject to weather conditions. Recently major producers such as Brazil have been plagued by droughts. Using the demand-supply model, explain the likely effects of these phenomena in the coffee bean market. How can a market analyst use this information to her advantage?An important social trend is the continued concern for health and well-being in the United States. This is most likely evidenced by Multiple Choice ____ the increased sales of Cigar Aficionado magazine. ____ the introduction of Snickers Maple Almond Butter candy bar. ____ the opening of more Starbucks coffee boutiques in supermarkets. ____ the upsizing of menu items at fast-food restaurants. ____ the introduction of fitness trackers such as the Fitbit.
- A federal regulation that required that all beef consumed in the US must be grown and processed in the US is likely to: Drive up the price of beef in the US Increase beef consumption in the US Decrease consumption of chicken in the US (assuming chicken is a substitute for beef in the US) Increase international trade in beef productsThe market for organic and locally sourced foods has skyrocketed over the past decade as consumers focus on improving their eating habits. However, severe droughts have caused organic food prices to rise significantly, forcing many consumers to shop at conventional supermarkets (which are increasingly adding organic food options) instead of organic food markets such as Whole Foods. In response, companies such as Whole Foods have begun offering more nonorganic options on their store shelves in order to provide their consumers with more affordable options. Based on this response, what did companies such as Whole Foods realize about the elasticity of demand for organic foods that caused them to lower their prices by changing the type of foods they sell?The increase in prices resulting from the levy of import duty usually reduces the consumption capacity of thepeople. True False
- Suppose the local economy experiences an influx of both skilled and unskilled workers, what will happen to prices of goods and services? Group of answer choices Since this increases the supply of labor, prices and wages both decrease. Since this increases the demand for labor, prices and wages both increase. Since this decreases the supply of labor, prices and wages both decrease. Since this increases the marginal product of labor, prices and wages both decrease. A worker on a Texas oil rig is likely to earn _______ than a reception because _________. Group of answer choices less; the job has unattractive characteristics. more; the job is more fun. more; the job is more prestigious. more; the job is more dangerous. please answer two questionsThe goods is not considered in transit under the following cases, except:Rhinoceroses are an endangered species. Worldwide, the number of rhinos has decreased 90 percent in the past 50 years, to about 29,000. Since 1977, CITES has had ban on international trade in rhino parts. The most valuable part of a rhino is its horn. which can be sold for prices that have risen as high as $100,000 per kilogram. Given the very high price, illegal poaching, in which rhinos are killed for their horns, has increased rapidly Interestingly, if done properly, the horn of a rhino can be harvested without kill- ing the rhino, and the horn will grow back. What challenges does CITES face in attempting to prevent international trade from contributing to the extinction of the rhino?
- A new technology will most likely ? shift the demand curve to the right shift the demand curve to the left shift the supply curve to the right shift the supply curve to the leftA survey by Namibian statistics agency indicated that kapana is Namibian favourite. For each of the following, graphically indicate the possible effects on demand, supply or both as well as equilibrium quantity of kapana. (a) a severe drought in Namibia causes farmers to reduce the number of cattle in their herds by a third-quarter of their stock . These farmers supply need that is used for kapana meat . (b) a new report by the veterinary council of Namibia reveals that kapana does in fact have significant health benefits (C) the discovery of cheaper animal feed by Neudamm Bush-to-feed that lower the price of cattle (d) New technology that lower cattles cost of producingIf the ratio of the dollar price of a U.S. toy to the dollar price of the same toy sold in China is greater than 1, U.S. toys are ________ than Chinese toys and retailers in the United States should ________. cheaper; buy the toys from American suppliers cheaper; buy the toys from Chinese suppliers more expensive; buy the toys from American suppliers more expensive; buy the toys from Chinese suppliers
