Recall the Application about weather-linked crop insurance to answer the following question(s).According to the Application, why were farmers unwilling to invest in seeds and fertilizer?
A. Farmers may lose its seed and fertilizer investments in the event of unfavorable weather.
B. Farmers may lose its seed and fertilizer investments in the event of favorable weather
C. Unfavorable weather is usually caused by increased seed and fertilizer investment.
D. Governments raise taxes when farmers invest in seed and fertilizer.
Answer: A
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Access to a pool, granted by a key given to the people who own houses in the specific neighborhood, is what type of property?
A. Public property B. Common property C. Private property D. Shared property
In the figure above, originally the apartment rental market is in short-run and long-run equilibrium with a rent of $600 per month. Then the government imposes a rent ceiling of $500 per month. The loss of producer surplus
A) is smaller than the gain in consumer surplus. B) is larger than the gain in consumer surplus. C) is the same size as the gain in consumer surplus. D) could be smaller than, larger than, or the same size as the gain in consumer surplus.
Why did railroads come under government regulation?
(a) Disgruntled shippers and travelers raised an outcry about the routes of railroads. (b) Some people effectively argued that railroads were charging "unfair" rates. (c) The railroad industry was too competitive, thus driving rates below those necessary to ensure normal profits for railroad companies. (d) All of the above are correct.
The brain gets most of its energy from:
A. dopamine. B. blood sugar. C. the prefrontal cortex. D. electrons.