2. JUAN: My potato crop this year is very poor. ANNA: Dont worry. Price increases will compensate...

Question:

2. JUAN: My potato crop this year is very poor.

ANNA: Don’t worry. Price increases will compensate for the fall in quantity supplied.

RENE: Climate affects crop yields. Some years are good, others are bad.

LISA: The government ought to guarantee that our incomes will not fall.

In this conversation, the normative statement is made by

a. Juan.

b. Anna.

c. Rene.

d. Lisa.

e. There are no normative statements.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Principles Of Microeconomics

ISBN: 9781913689681

7th Edition

Authors: Fred M. Gottheil

See More Books

Question Posted: Nov 08, 2024 02:00 AM

See More Questions

The Justice Department has been asked to review a merger request for a market with the following four firms. Firm Assets A .......... $156 million B .......... 130 million C .......... 45 million D...
The following tetrad data were obtained from the cross A B Ã a b in Neurospora: Use these data to construct a linkage map of the two genes and the centromere on their chromosome. Spore Pairs...
The heat of hydration of dough, which is 15 kJ/kg will raise its temperature to undesirable levels unless some cooling mechanism is utilized. A practical way of absorbing the heat of hydration is to...
2. JUAN: My potato crop this year is very poor. ANNA: Dont worry. Price increases will compensate for the fall in quantity supplied. RENE: Climate affects crop yields. Some years are good, others are...
Sam wants to help his brother, Lou, start a new business. Lou is a capable auto mechanic but has little business sense, so he needs Sam to help him make business decisions. Should this partnership be...
Suppose y = square root of2 x + 1,where x and y are functions of t . a. If dx / dt =9,find dy / dt when x = 4. dy / dt = __________ b. If dy / dt =2,find dx / dt when x =12. dx / dt = _________
1. In our economy, people have the freedom to buy or not buy the goods offered in the marketplace, and this freedom to choose what they want to buy dictates what producers will ultimately produce....
3. Which of the following describes an economy that has or had no scarcity? a. Biblical Israel b. Ancient economies of sub-Sahara Africa c. A mythical economy where everyone is a billionaire d. An...
The article Cities Trying to Rejuvenate Recycling Efforts (USA Today, October 27, 2006) states that the amount of waste collected for recycling has grown slowly in recent years. This statement was...
Problem 6-38 (LO. 2) Duck, an accrual basis corporation, sponsored a rock concert on December 29, 2020. Gross receipts were $300,000. The following expenses were incurred and paid as indicated:...
1 . What is the EVC for MinuteGrocer's monthly service? Consider ALL four scenarios in Table 2 ( two scenarios for target segment and two scenarios for service fee and suggested tips ) . 2 . How...
es Check my Target Corporation prepares its financial statements according to U.S. GAAP. Target's financial statements and disclosur notes for the year ended February 1, 2020, are available here....
P13-11A The comparative statements of financial position for Amaral Reis Company SA as of December 31 are presented as follows. AMARAL REIS COMPANY SA Comparative Statements of Financial Position...
Data for Hermann Corporation are shown below: Percent of Selling price Per Unit $110 Sales 100% Variable expenses 77 70 Contribution margin $ 33 30% Fixed expenses are $82,000 per month and the...
A 1 500-kg automobile has a wheel base (the distance between the axles) of 3.00 m. The center of mass of the automobile is on the center line at a point 1.20 m behind the front axle. Find the force...
Revol Industries manufactures plastic bottles for the food industry. On average, Revol pays $76 per ton for its plastics. Revol's waste-disposal company has increased its waste-disposal charge to $57...

2. JUAN: My potato crop this year is very poor. ANNA: Dont worry. Price increases will compensate...

Question:

Step by Step Answer:

Principles Of Microeconomics

Students also viewed these Business questions