Trends in healthy eating have led to a steep increase in the consumption of leafy greens. Which of the following shows the interdependence of input markets related to this food trend?
a. A large kale and spinach farming operation expanded into previously uncultivated
fields.
b. The additional growing fields required irrigation equipment and additional field
laborers.
c. Demand for kale and spinach was growing rapidly, which led to an increase in prices.
d. Wages and working conditions for field workers were established in a union contract.
b. The additional growing fields required irrigation equipment and additional field
laborers.
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Use to following graph. Suppose Asarta Inc. is polluting yucko and they have been tasked with cleaning up some of their waste. If they are cleaning up Q tons of yucko then they are cleaning:
A. too little. B. too much. C. just the right amount. D. the allocatively efficient amount.
Refer to Figure 8.1. If Charla and Mirna agree to pay each other $350 to install the pollution-control device on their heating systems, the dominant strategy for the players would be for Charla to play ________ and for Mirna to play ________
A) Install; Install B) Install; Don't Install C) Don't Install; Install D) Don't Install; Don't Install
An improvement in technology would cause each of the isoquants in a firm's isoquant map to shift out away from the origin
Indicate whether the statement is true or false
If the contribution from capital growth equals 3 percent and the contribution from productivity growth equals 1.6 percent, GDP will grow by ________
A) 1.6 percent B) 4.6 percent C) 4.8 percent D) an unknown value