Why have real cattle prices during the past 20 years been low relative to previous periods since World War II?

What will be an ideal response?


Low corn and wheat prices as a result of production increases from the green revolution made it economically feasible to produce high quantities of meat at low cost from confined pigs and chickens and feedlot cattle. In addition, free trade coupled with expanding beef production from developing countries greatly increased global supplies of beef, depressing prices.

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Given the cobweb adjustment to price and quantity in the market below, which of the following statements is most correct?



A) The price in 2013 would fall to $85.
B) The price in 2013 would fall to $30.
C) The producer's decision in 2013 is to supply 100 units of output.
D) None of the above.

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When the oil pressure drops to between 3 and 7 psi, the oil pressure lamp lights by _________

A) Grounding the circuit B) Opening the circuit C) Dropping the oil float level D) Resisting the circuit

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The Reynolds number is reduced if __________.

A. the diameter of the pipe is smaller B. the viscosity of the fluid is larger C. the velocity of the fluid reduces D. a fluid with a lower density is used E. all of the above

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The marked measurement in the figure above indicates _____



a. 2-3/10 centimeters
b. 2.35 meters
c. 2.5 meters
d. 2.6 centimeters

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