How might a drought that destroys half of all farm crops be good for farmers?  If such a drought is good for farmers, why don't farmers destroy their own crops in the absence of a drought?

Q: Explain why many argue the use of “market” prices will NOT necessarily enable the economy to operate…

A: A production possibilities curve is a graphical portrayal of the combinations of services and goods…

Q: Is ketchup a final good or intermediate good?

A: The markets are the place where the buyers of various goods, and services, meet, and interact with…

Q: in other countries, such as Australia, drought has reduced crop yields .which then raises market…

A: Agriculture is one of the major economic activities in rural areas for which water is necessary for…

Q: Explain key ideas of ecological economics.

A: Ecological Economics: The concept- Ecological economics shows how economics is implanted in the…

Q: If markets are efficient, is there anything to be gained by doing fundamental research? With which…

A: Fundamental research is also known as basic analysis of the given information to evaluate the…

Q: What is ecological literacy

A: Identifying, abilities, and determination of a person to take reasonable choices that take into…

Q: True or False According to estimates by ecological economists and scientists, we have sufficient…

A: Resources in the world are important for global sustainability. There are various natural resources…

Q: If a school library has 150 different books (one copy of each), in how many ways can you distribute…

A: Given: Number of books = 150 Number of kids = 80

Q: Bakers are much    likely to supply pastries to the market if property rights are not enforced.…

A: In economics, the term property right is one of the theoretically social-enforced concepts where…

Q: What are the economic benefits of the United States conservation biology policy?

A: Maintaining biodiversity is important for organic waste management, fertile soil formation, crop and…

Q: Even though Jeremy is a better gardener and novelist than Bill, Jeremy still hires Bill as his…

A: Suppose, there are two countries A and B. If both the countries produce two goods i.e. cotton and…

Q: What are the variables for sustainability for hunger?

A: sustainability development refers to the idea that human beings society must live and meet their…

Q: Farmers are worse off when there is a large crop yield. O True O False

A: Crop Yield is the amount of agricultural produce which is harvested per unit of land area.

Q: Unlike in other countries, the NSW Government has a 'minimum living standard', and does not allow…

A: The Government of New South Wales have initiated some standard changes in some policies of their…

Q: How does the growing “McDonaldization” of developing countries spell more badnews for their small…

A: Introduction McDonaldization is explained as "the phenomenon by which fast-food chain concepts have…

Q: How do you expect future oil prices to  behave? Please justify your response.

A: The economies around the globe are involved in various economic and financial activities. The…

Q: What is the main cause of global tropical deforestation? A Clearing for mineral extraction B Timber…

A: There are multiple causes behind global tropical deforestation. Trees are cut down to provide land…

Q: Ghana's president is also very interested in banning the imports of food in order to increase…

A: Ghana's president is also very interested in banning the imports of food So the cost of nutritious…

Q: What are Economic advantages resulting from changes in climate?

A: Climate change refers to a change in the typical weather pattern that is found in a place. This…

Q: chick fil a eat more chicken campaign features three cows holding up a sign that says things like…

A: The demand of a product is affected by various factors. Consumers’ preference is one the significant…

Q: How can an economy adjust back to equilibrium? Is it by having an equal amount of demand and supply?

A: In economics, an equilibrium is considered as a state of rest from where neither buyers nor sellers…

Q: What is the role of Econometrics in Economics or in Agricultural Economics?

A: When studying economics, it can be seen that economics is divided into different parts according to…

Q: What did Thomas Malthus say about food supply and population control?

A: Malthus believed that through preventative checks and positive checks, the population would be…

Q: If 50 customers are all willing to pay $30 for an album that sells for $25, how much total value is…

A: Introduction: Revenue is the money made by a company's work. Revenue can be calculated in a number…

Q: Genetically modified crops (like soya and corn) have been developed in the US and are being exported…

A: Genetically modified (GM) food varieties are food varieties got from creatures whose hereditary…

Q: Do you agree that carbon tax is the key factor behind Ford Australia’s decision to stop production?…

A: The Ford Motor Company has decided to wind down production in Australia after 85 years. The car…

Q: What makes climate change an economic problem? And if it is, how should policy deal with it? Your…

A: Human activities influence the climate system and anthropogenic discharge of green-house gas is the…

Q: A decrease in the productivity of a resource will decrease the demand for that resource.…

A: The demand for resource depends on its productivity. The productivity leads to rise in the demand…

Q: The government wants to increase ecotourism by using farmland to establish special habitats for…

A: Ecotourism refers to the catering of wishes of tourists who wants to experience nature and the…

Q: Several years ago, hurricane Gilbert destroyed thousands of acres of banana in Jamaica. Farmers…

A: In short-run equilibrium, a natural disaster can affect the supply curve.. The supply decreases…

Q: You are planning to spend Saturday working at your part- time job, but a friend asks you to go…

A: Opportunity cost, in economics, represents the potential benefits that one has to give up while…

Q: chick fil a eat more chicken campaign features three cows holding up a sign that says things like…

A: Hey champ, Welcome to this platform. Here you will get the answer with better quality in minimum…

Q: Does the fact that something is abundant mean it is not scarce in the economic sense? Why or why…

A: Economics is a discipline that includes answers to the basic questions of the economy: what to…

Q: New species are currently being discovered and named at a faster rate than at any time in the…

A: Wildlife conservation refer to protecting animal and plant species and their habitats. This is…

Q: Imagine you are working as a climate advisor to the federal government and they want to craft a bill…

A: Human activities ( anthropogenic activities) is the main reason for environment damage . The need…

Q: The federal government decides to require that automobile manufacturers install new anti-pollution…

A: The price elasticity of demand for a good is a measurement of how sensitive the quantity demanded is…

Q: Explain why many argue the use of "market" prices will NOT necessarily enable the economy to operate…

A: Production possibility frontier (PPF) shows a probable combination of two commodities produced in an…

Q: Several years ago, hurricane Gilbert destroyed thousands of acres of banana in St Vincent . Farmers…

A: The farmers whose crops were not destroyed benefitted from the hurricane. The reason for this is…

Q: How do prices communicate to economic actors?

A: According to prices economic actors behave. For example with less price economic actor demand…

Q: How does poor air quality derived from pig farming affect the agriculture industry in any location?

A: Because pig farming generates poor air quality,it spreads into environment and causes harm to…

Q: How can the milk industry perform successfully in the future economy?

A: Milk is a important part of global food system and it is a source of income of the most rural…

Q: Which one of the following is an example of demand-side water management? Group of answer choices…

A: The demand curve shows the association between the amounts of commodity demanded by the consumer at…