How might a drought that destroys half of all farm crops be good for farmers? If such

Question:

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?

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

Step by Step Answer:

Related Book For book-img-for-question

Principles of economics

ISBN: 978-0538453042

6th Edition

Authors: N. Gregory Mankiw

See More Books

Question Posted: Dec 14, 2012 06:48 AM

See More Questions

How might farmers meet the growing demand for farm products without having to use a greater quantity of farmland? According to the European Commission, global agricultural production needs to be...
Why might managers do things that conflict with their own ethical values?
Why might this be good for U.S. importers? Why might it be less good for U.S. exporters? How will your "strong dollars" perform if you travel to Europe this summer?
A function f(x) is said to have a jump discontinuity at x = a if: 1. lim f(x) exists. xa 2. lim f(x) exists. xa 3. The left and right limits are not equal. Let f(x) = 5x7, if x < 2 1 if x 2 x + 9'...
Let D be diagonal. Describe D2, D3, . . . , etc. Describe D-1, D-2, . . . , etc. Define D0 appropriately.
Garcia Company has 10,000 units of its product that were produced last year at a total cost of $150,000. The units were damaged in a rainstorm because the warehouse where they were stored developed a...
You are the global sales manager for a consumer food products company that is getting ready to roll out a new product. As part of the introduction your global sales force is being asked to do a...
The 2008 annual report for HCA, Inc., a nationwide chain of hospitals, contains the following statement in the footnotes to the financial statements: We operate in a highly regulated and litigious...
(a) Explain the difference between a seed investment and a start-up investment and how they compare on risk considerations. (6 marks) (b) Both of these stages of investment are often financed...
Sales for the Australian trading company Rooney Enterprises Ltd. during the last financial year (2008) amounted to $3.5 million. The company has a 5-year contract to provide the plastic studs that...
Define the price elasticity of supply. Explain why the price elasticity of supply might be different in the long run than in the short run.
Define the price elasticity of demand and the income elasticity of demand.
Derive equations for F and N using the circular force diagram. (Make a copy of the diagram. Extend a line from point X intersecting force F perpendicularly. Extend a line from point Y intersecting...
Operating cash flow was 43.0 million (2008: 30 million), representing 93% of adjusted operating profit, despite an increase in stock and debtors commensurate with the growth of the business. Net debt...
The following report indicates that Network Rail was focused on investment appraisal procedures in 2004 at the start of a five-year regulatory period. John Armitt, chief executive of Network Rail,...
When Rachel Lilley started her florists business in Bath nearly three years ago, it was an instant success. With a steady stream of customers at her small shop and a run of weddings to cater for, her...
The Groups gross transaction value grew by 0.2% during the 52 weeks ended 29 August 2009 to 2,339.7 million (2008: 2,336.0 million) and revenue was up by 4.2% to 1,915.6 million (2008: 1,839.2...
The sales budget for the BeeSee Company for the first six months of the year is: January February March April May June 12,000 13,000 14,000 13,500 12,600 11,100 There are no debtors at the start of...
Assume this: int a = 2; boolean flag = true; Evaluate the following expression: a < 3 || flag && !flag.
XYZ Inc. a calendar year, accrual basis corporation, had the following items during 2021: Gross revenue from operations Cost of goods sold $420,000 ($180,000) $9,000 LT capital gain .LT capital...
Explain the advantages and disadvantages of using a contract manufacturer.
Randy Seals believes that if government relied on voluntary contributions instead of taxing people, it would be more acceptable and just as effective in obtaining revenues. Discuss.
Everyone knows that cigarette smoking is harmful to your health. But is it also harmful to people who live or work among smokers? Discuss this issue in terms of the third-party economic externalities...
Describe the following in terms of generating positive, negative, or zero externalities: (a) a foot of snowfall in mid-January; (b) living a mile away from an international airport; (c) your neighbor...
Image transcription text Introduction: The Smart Parking Management System (SPMS) project aimed to develop an efficient, automated solution for managing parking spaces in urban areas using Arduino...
A. Can we use human capital theory to explain "Age-Discrimination"? If so, how? B. Why do some firms prefer to hire younger workers, especially for entry level positions? C. Why do some firms...
Image transcription text Question 6 Not yet answered Marked out of 1.00 '1" Flag question During a mountain?biking tripr Bill and Barry are discussing the merits of having the springs and shocks used...

How might a drought that destroys half of all farm crops be good for farmers? If such

Question:

Step by Step Answer:

A drought that destroys half of all farm crops could be go...View the full answer

Principles of economics

Students also viewed these Economics questions