The Hicks family owns a blueberry farm in Maine. The Ward family owns a blueberry farm in Massachusetts. A drought in Massachusetts destroys half of the Ward family's harvest for one year. For the Ward family, their

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The Ward family's harvest loss due to the drought is a transitory shock to their income. While it may have a significant impact on their income for that year, it is not a permanent change to their income. Therefore, their permanent income, which is their average income over time, is likely to be higher than their income in the year of the drought. The question does not provide enough information to determine how the income of the Hicks family will be affected.

The Hicks Family Owns a Blueberry Farm in Maine