After a hurricane, the prices of many items will rise. How best might the government help...
Homework Answers
The natural disasters such as hurricane are largely unavoidable. The government may institute a freeze on wage to prevent an increase in the costs production cost. It can also provide poor people debit cards, voucher schemes and cash transfer to enable people for purchasing essential items in local markets. During disaster people lose their livestock, land, farming equipment or other assets, making it tough for restarting their livelihoods. Thus the government should distribute agricultural kits (fertilizers, seeds, and tools) to help them to grow food again and regain their source of income. The government should provide vaccines or other veterinary services to safeguard lives of people and livestock. These programmes by government can assist poor people to afford to buy goods and services
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After a hurricane, the prices of many items will rise. How best
might the government help...
With all the problem , the nation was face with after hurricane katrina , help start...
With all the problem , the nation was face with after
hurricane katrina , help start or draw out a plan to help the
government and family avoid this from happening again
What will happen if a super hurricane comes? Next Time Discussion Imagine that another category 5 hurricane hit your area. The government learned a lot from Hurricane Katrina, but do you think they learned enough? Hurricane Sam Hits What if the government could warn more people earlier and...
In the country of Poor, GDP per capita at purchasing power parity is $40.000. In the...
In the country of Poor, GDP per capita at purchasing power parity is $40.000. In the country of Rich GDP per capita at purchasing power party is $60,000. What is NOT a reason someone might want to live in Poor instead of Rich? Select one: O a. It's possible that in the country of Rich, a few people have most of the money. If that was true, then most people might actually be ablevo buy more goods and services in...
Based on cost of inflation, Agree or disagree with this post and why When prices rise,...
Based on cost of inflation, Agree or disagree with this post and why When prices rise, buyers pay more for the things they want. On the other hand, the sellers are getting more money for the things they sell. Many people earn money by selling their services whether its labor or goods. Their rise in income from the inflation evens out with the inflation of prices when they buy things. You also have menu costs, the cost of changing the...
Please help with these questions Question 6 0.4 pts When a hurricane rips through Florida, the...
Please help with these questions
Question 6 0.4 pts When a hurricane rips through Florida, the price of oranges rises because O demand curve shifts to the right. supply curve shifts to the left. O demand curve shifts to the left. Osupply curve shifts to the right. supply and demand curves both shift to the left. Question 7 0.4 pts show(s) how resources and final goods and services flow through the economy Money Circular flow OAllocation OTrade-offs Question 8 0.4...
For many years, the Chinese government imposed price ceilings on fresh fish, to promote ‘fair’ prices....
For many years, the Chinese government imposed price ceilings on fresh fish, to promote ‘fair’ prices. The price was equivalent to $4/kilo, and at this price, a fisher (a firm) earned zero profits. There were many people who wanted to buy fresh fish at this price but could not obtain it. As part of China’s economic reforms, the government abolished the fish price ceilings. The price immediately shot up to $12/kilo, but after a year, the price dropped to $8/kilo...
1. The best definition of inflation is a(n): a temporary increase in prices. b. increase in...
1. The best definition of inflation is a(n): a temporary increase in prices. b. increase in the price of one important commodity such as food. c. persistent increase in the general level of prices as measured by a price index. d. increase in the purchasing power of the dollar. 2. Inflation: a. reduces the cost-of-living of the typical worker. b. is measured by changes in the cost of a typical market basket of goods between time periods. c. causes the...
As prices rise, a fixed money supply will be able to buy fewer goods and services....
As prices rise, a fixed money supply will be able to buy fewer goods and services. This real balance effect is due to a(n) reduction in the interest rate. Increase in aggregate demand Decline in the purchasing power of the fixed quantity of money. Increase in income. The international substitution effect exists because a Higher price level will reduce interest rates and stimulate foreign investment. Lower price level will make domestically produced goods less expensive relative to foreign goods. Higher...
Approximately how many prices of goods and services are measured by the CPI? OA) 800,000 OB)...
Approximately how many prices of goods and services are measured by the CPI? OA) 800,000 OB) 800 OC) 80 OD) 80,000
In this module, you’ve learned a lot about monopolies and how they impact prices. In many...
In this module, you’ve learned a lot about monopolies and how they impact prices. In many industries, such as construction and home repairs, prices are set individually for each customer, rather than according to a posted price list. Explain why such firms might be able to engage in price discrimination. If you were hiring such a firm, what should you do to obtain the lowest possible price?
Our government provides many goods and services, e.g. police, national defense, and roads, but most goods and services a...
Our government provides many goods and services, e.g. police, national defense, and roads, but most goods and services are provided by the private sector, e.g. cars, food, etc. In recent years most stadiums (e.g. Century Link Field, Safeco Field, and the Seattle Coliseum) have been provided by city and/or county governments. Develop criteria for when the government rather than private sector should produce certain items. What types of items should be produced by the private sector (capitalism), and what type...
With all the problem , the nation was face with after
hurricane katrina , help start or draw out a plan to help the
government and family avoid this from happening again
What will happen if a super hurricane comes? Next Time Discussion Imagine that another category 5 hurricane hit your area. The government learned a lot from Hurricane Katrina, but do you think they learned enough? Hurricane Sam Hits What if the government could warn more people earlier and...
In the country of Poor, GDP per capita at purchasing power parity is $40.000. In the country of Rich GDP per capita at purchasing power party is $60,000. What is NOT a reason someone might want to live in Poor instead of Rich? Select one: O a. It's possible that in the country of Rich, a few people have most of the money. If that was true, then most people might actually be ablevo buy more goods and services in...
Please help with these questions
Question 6 0.4 pts When a hurricane rips through Florida, the price of oranges rises because O demand curve shifts to the right. supply curve shifts to the left. O demand curve shifts to the left. Osupply curve shifts to the right. supply and demand curves both shift to the left. Question 7 0.4 pts show(s) how resources and final goods and services flow through the economy Money Circular flow OAllocation OTrade-offs Question 8 0.4...
1. The best definition of inflation is a(n): a temporary increase in prices. b. increase in the price of one important commodity such as food. c. persistent increase in the general level of prices as measured by a price index. d. increase in the purchasing power of the dollar. 2. Inflation: a. reduces the cost-of-living of the typical worker. b. is measured by changes in the cost of a typical market basket of goods between time periods. c. causes the...
Approximately how many prices of goods and services are measured by the CPI? OA) 800,000 OB) 800 OC) 80 OD) 80,000
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