Not everywhere on the earth surface is fertile and supports growth of some types of crops. This therefore puts emphasis on the fact that those areas that are should be capable of planting enough crops to sustain the need for such in the world. Have been to the farm and think you know much about agricultural production? Take up the See morequiz below and see if you do indeed know a lot.
I) 30 tons; ii) 40 tons; iii) 40 tons; iv) 20 tons; v) $60 per ton; and vi) $500; and vii) $800
I) 40 tons; ii) 30 tons; iii) 30 tons; iv) 30 tons; v) $70 per ton; and vi) $400; and vii) $500
I) 40 tons; ii)30 tons; iii) 50 tons; iv) 30 tons v) $80 per ton; and vi) $500; and vii) 800
I) 30 tons; ii) 40 tons; iii) 40 tons; iv) 40 tons; v) $70 per ton; and vi) $400; and vii) $500
None of the above
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I) 40; ii) shortage, 60, exported; iii) $50, 40; iv) Decrease, $7,500; v) An increase; vi) $5,500; $1,000
I) 40; ii) surplus, 60, exported; iii) $50, 40; iv) Decrease, $5,000; v) An increase; vi) $5,000; $1,000
I) 20; ii) surplus, 60, imported; iii) $50, 40; iv) Decrease, $5,000; v) An increase; vi) $1,500; $1,000
I) 40; ii) surplus, 60, exported; iii) $50, 40; iv) Decrease, $7,500; v) An increase; vi) $1,500; $1,000
None of the above
I) rise by more than $50 per ton; ii) less than $100 but more than $150; iii) remain unchanged at $100; iv) fall; v) there will be a loss in increase in consumer surplus.
I) fall by less than $50 per ton; ii) more than $100 and more than $150; iii) increase by less than $100; iv) fall; v) there will be a loss in consumer surplus
I) rise by more than $50 per ton; ii) more than $100 and more than $150; iii) increase by more than $100; iv) fall; v) there will be a increase in consumer surplus
I) fall by less than $50 per ton; ii) more than $100 but less than $150; iii) remain unchanged at $100; iv) fall; v) there will be a loss in consumer surplus
None of the above
I) 50, 75; ii) decrease by $50; iii) decrease, $1,875; iv) $12,500; v) $12,500; and vi) imposing a production subsidy instead of export subsidy
I) 75, 50; ii) decrease by $75; iii) increased, $1,785; iv) $15,200; v) $15,200; and vi) provide coupon for consumers to buy the product.
I) 50, 75; ii) decreases by $50; iii) decrease, $1,875; iv) $12,500; v)7.600; and vi) providing cash subsidy to consumer
I) 75, 50; ii) increase by $75; iii) decrease, $1,875; iv) $21,500; v) $15,200; and vi) providing coupon to sell the product
I) 50, 75; ii) decrease by $50; iii) decrease, $1,875; iv) $12,500; v) $7,600; and vi) Imposing a production subsidy instead of a export subsidy.
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Through subsidies to home-country farmers which encourage them to produce more food to distribute around the world
By restricting imports from countries
By giving united cash contributions, which will be used to purchase food for as assistance
By providing cheap loans to poor countries to purchase home-country food
None of the above
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Get to purchase the product at the world price the same as before the subsidy.
Have to pay a higher price for the product
Get a reduced price for the product
Purchase more of the product
None of the above
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Boeing produces and Airbus does not produce
Boeing does not produce and Airbus produces
Boeing does not produce and Airbus does not produce
Boing produces and Airbus does not produces; Boing does not produce and Airbus produces
None of the above
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I) B and C; ii) B and D; iii) C; and iv) yes, because it will neither lose nor earn more profits by producing super-jumbo jet
I) A and C; ii) C and D; iii) B; and iv) No, because it would lose profits if it produced a super-jumbo jet
I) B and D; ii) B and D; iii) A; and iv) No, because it would earn more profits if it produced a super-jumbo jet.
I) B and C; ii) C and D; iii) C; and iv) yes, because it would lose profits if it produced a super-jumbo jet.
None of the above
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Europe will subsidize Airbus and the United States will subsidize Boeing
Europe will not subsidize Airbus and the United States will not subsidize Boeing.
Europe will subsidize Airbus and the United States will not subsidize Boeing.
Europe will not subsidize Airbus and the United States will subsidize Boeing.
None of the above
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I) continue to produce super-jumbo jets because its profits will not be affected and ii) quadrant A
I) continue to produce super-jumbo jets even though its profits will fall and ii) quadrant B
I) discontinue producing super-jumbo jets because its losses are lower than if it produced super jumbo jets and ii) quadrant B
I) discontinue producing super-jumbo jets because it would neither lose nor earn more profits by producing super-jumbo jets and ii) quadrant C
None of the above
I) give away the application regardless of what firm 2 does and ii) both firm 1 and 2 will give the software application away free
I) Sell the application at $30 a copy regardless of what Firm 2 does and ii) Firm 1 will give the application away free and Firm 2 will sell it at $30
I) Give away the application only if Firm 2 sells the application and ii) there is no Nash equilibrium to this game
I) Give away the application only if Firm 2 gives away the application and ii) Firm 1 will give the application away free and Firm 2 will sell it at $30.
None of the above
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I) conduct R&D regardless of what B does and ii) both A and B conduct R&D
I) not conduct R&D regardless of what B does and ii) only A conducts R&D
I) conduct R&D only if B conducts R&D and ii) only B conducts R&D
I) conduct R&D only if B does not conduction R&D and ii) neither A nor B conduct R&D
None of the above
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When Boeing produces small planes/Airbus produces small planes and when Boeing produces large planes/Airbus produces large planes.
When Boeing produces no planes/Airbus produces large planes and when Boeing produces large planes/Airbus produces small planes
When Airbus produces small planes/Boeing produce large planes and when Airbus produces large planes/Boeing produce small planes
When Boeing produces small planes/Airbus produces large planes and when Boeing produces large planes/Airbus produces no planes
None of the above
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There is no difference between an agricultural export subsidy and an agricultural production subsidy.
Agricultural export subsidy applies only to exports, whereas an agricultural production applies to production sold at home and in the export market.
Agricultural export subsidy applies only to production sold in the home market, whereas an agricultural production subsidy applies to production sold in the export market
Both agricultural export subsidies and agricultural production subsidies apply to production sold in the home market and in the export market
Agricultural export subsidy applies only to exports and it causes the export supply curve to increase at home and in the world market whereas an agricultural production subsidy applies to production sold at home and in the export market and it result in lesser increases in home price and export for a small home country.
Their farmers are put out of business and food production is decreased
It raises the price of food in recipient nations making it difficult for the population to buy food resulting in decrease in demand and causing local farmers to go out of business.
It makes them to depend on foreign food aid
Their farmers are put out of business and food production is decreased, local prices are depressed, and it causes food shortages further down the road as these nations become dependent on food aid.
B and C
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I > IV > III= V > II > IV
I > IV > III= V > II > IV
VI > I > III= V > II > IV
VI > I > II >III= V > IV
None of the above
III > I = II > IV
I >III > IV >II
III > 1 > IV > II
I > III =II > IV
None of the above
I) increase by $50 per ton; ii) $150 per ton ; iii) rise by $50 per ton; and iv) fall
i) remain at $100 per ton; ii) $150 per ton ; iii) rise by $50 per ton; and iv) rise
I) remain at $100 per ton; ii) $150 per ton; iii)rise by $150 per ton; and iv) fall.
I) decrease by $50 per ton; ii) $150 per ton ; iii) rise by $50 per ton; and iv) fall.
I) remain at $100 per ton; ii) $150 per ton; iii) fall by $50 per ton; and iv) fall.
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Europe will subsidize Airbus and the United States will subsidize Boeing
Europe will not subsidize Airbus and the United States will not subsidize Boeing.
Europe will subsidize Airbus and the United States will not subsidize Boeing.
Europe will not subsidize Airbus and the United States will subsidize Boeing.
None of the above
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