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Unformatted text preview: J. Sargeant Reynolds Principles of Microeconomics Homework Assignment Read the three articles from The Wall Street Journal which can be found at these links: http://online.wsj.com/article/SB10001424052748703748904575411503975397266.html http://online.wsj.com/article/SB10001424052748703748904575410740617512592.html http://online.wsj.com/article/SB10001424052748704268004575417672972922474.html (Note: the first is actually just a photo essay / slide show meant to give you some images to connect with the problem.) After reading the articles, use the concepts and ideas we have discussed during the first few weeks to answer or explain the following. 1. Why did the Russian President make the choice to ban exports of wheat? (Remember, use concepts we discussed or that were in your text to help you explain.) 2. What impact would you expect the Russian decision to have on world wheat prices and...
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- Spring '10