EXPLORING ECON.-W/ACCESS (LL) >CUSTOM<
7th Edition
ISBN: 9781305757448
Author: Sexton
Publisher: CENGAGE C
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Chapter 8, Problem 5P
To determine
The reason of almost extinction of buffalos and survival of cattle's on the Great Plains .and the possible reason to buy a buffalo burger in a store or dinner today.
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what are Supply and Demand issues happening in the world today and how can we avoid them
Several years ago, hurricane Gilbert destroyed thousands of acres of banana in St Vincent . Farmers whose crops were destroyed by the hurricane were much worse off, but farmers whose crops were not destroyed benefited from the hurricane. Why did this occur? What information would you need about the market for bananas in order to assess whether farmers as a group were hurt or helped by the floods?
What are the variables for sustainability for hunger?
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EXPLORING ECON.-W/ACCESS (LL) >CUSTOM<
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- Several years ago, hurricane Gilbert destroyed thousands of acres of banana in Jamaica. Farmers whose crops were destroyed by the hurricane were much worse off, but farmers whose crops were not destroyed benefited from the hurricane. Why did this occur? What information would you need about the market for bananas in order to assess whether farmers as a group were hurt or helped by the floods?Explain that in detail using graphs .arrow_forwardFood is essential for life but why are many people in agriculture in countries like Taiwan seeking to get out of this industry?arrow_forwardCan you think of some social costs or issues that are not included in the marginal cost to the firm? Or some social gains that are not included in what people pay for a good?arrow_forward
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- What is a way to determine the value of a forest that remains intact? A. The number of people who visit this forest. B. How much money people would pay to protect this forest. C. The amount of money that people spend to purchase gear for camping in this forest. D. How long it takes for people to reach the forest by different modes of transportation. E. A and B. F. All of the above.arrow_forwardMechanics usually have better information about how to fix automobiles than their customers do. What problems does this advantage create? Do mechanics or their customers do anything to limit these problems?arrow_forwardHow are resource decisions affected by the global market and world events? Provide a real-world example. Do you think governments should have the power to influence the global market?arrow_forward
- Why is water, which is essential to life, so cheapwhile diamonds, which are not essential to life, so expensivearrow_forwardWe talked about many reasons why agriculture is so important. Explain why it is so important,and give some factors that make it more complicated than a traditional business.arrow_forwardGhana's president is also very interested in banning the imports of food in order to increase nutrition in her country. What is the logic behind this? Will it work?arrow_forward
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