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The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
النسخة 13الرقم المعياري الدولي: 9780132992695The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
النسخة 13الرقم المعياري الدولي: 9780132992695 تمرين 7
In seeking to show that population growth threatens to exhaust the world's agricultural resources, the World watch Institute has pointed out that in 1988, for the first time in its history, the United States ate more food than it grew.
(a) By what measure do you suppose the United States ate more food than it grew in 1988? Volume? Weight? Calories? Or monetary value?
(b) If official trade accounts show that U.S. food imports exceeded food exports in any given year, this will mean that the dollar value of the imports was greater than the dollar value of the exports. Why would such figures not be persuasive evidence that the United States had lost the ability to feed itself?
(a) By what measure do you suppose the United States ate more food than it grew in 1988? Volume? Weight? Calories? Or monetary value?
(b) If official trade accounts show that U.S. food imports exceeded food exports in any given year, this will mean that the dollar value of the imports was greater than the dollar value of the exports. Why would such figures not be persuasive evidence that the United States had lost the ability to feed itself?
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Monetary value is value determined by ma...
The Economic Way of Thinking 13th Edition by David Prychitko, Peter Boettke, Paul Heyne
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