3 Questions In Economics

Title: 3 Questions In Economics
Category: /Law & Government/Government & Politics
Details: Words: 1175 | Pages: 4 (approximately 235 words/page)
3 Questions In Economics
1. Would the US economy be better off without government intervention in agriculture? Who would benefit? Who would lose? 2. Are large price movements inevitable in agricultural markets? What other mechanisms might be used to limit such movements? 3. Farmers can eliminate the uncertainties of fluctuating crop prices by selling their crops in "futures" markets(agreeing to a fixed price for crops to be delivered in the future). Who gains or loses from this practice? The US economy …showed first 75 words of 1175 total…
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…showed last 75 words of 1175 total…or able to buy his product, as was the case in the Asian economic crisis if the late 1990ís. In this, a farmer gains peace of mind and income security. He loses the opportunity cost of a booming agricultural market, since his produce is already sold at a fixed price. A farmer who sells his commodities to a futures market, therefore, cannot take advantage of high demands and the higher prices that come with it.

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