Question

0 pts) Analyze the following statement: "Economic models use many simplifying ions. Therefore, they do not apply to more complex events in the real world." assumpt 5. (15 pts) Many people believe that a significant number of on-farm jobs in the United States have been "taken" by immigrants (legal or otherwise) from Mexico. Describe (i.e., state your assumptions, hypothesis, data, and any problems you might encounter) how you would analyze the following statement: "The share of on-farm labor held by U.S. citizens has fallen over the past two decades due to Mexican immigration." 6. (25 pts) The Economic Research Service (ERS) provides a wide range of economic data at its Web site, https://www.ers.usda.gov. A particular popular data series is called the Loss-Adjusted Food Availability data. These data provide estimates of the amounts of postharvest food available to Americans after adjusting for losses (e.g., cooking loss and natural shrinkage, plate waste, spoilage, pests, etc.). Download the "Calories" dataset1 and plot out the amount of loss-adjusted calories available per person in the U.S. from 1970 to 2010. Make sure the figure looks professional, as if you are providing this data to a policymaker (e.g., properly labeled axes and titles).

Answer 1

Answer:

5)

Economic models are not all very simple. It makes use of human behavior in relation to particular event and thus is a behavioural approach. Many of the mathematical expressions like production function, demand function can be expressed in terms of models and can be used for solving business problems. The graphical presentation of law of demand also mentions that at a particular price point, how much quantity is demanded is demanded and thus solves the complex business problems. Thus economics models are simple but can be used to solve complex business problems. 5) America has burgeoning labor force that�s ready to get to work. Increasingly dairy farms such as those in New York rely on workers from Mexico and Guatemala. Currently there is no VISA program for year round workers on dairy farms and this is an area of HIGH CONCERN. This could be new opportunity or that US has made them feel less, The number of Mexican Immigrants living in the United states

6)

Trend of Average daily per capita calories from the U.S food availability from 1970 to 2010