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Unformatted text preview: Is this issue a microeconomic or a macroeconomic issue? 3. What branch of economics is concerned with the effects of food safety (e.g. salmonella) on consumer demand for poultry? (i.e. what-if types of questions) positive 4. Suppose the index of prices received by farmers for 2009 was 0.92 and the base year of this index was 1996. (a) What is the value of the index for 1996? ____ 1 ______ (b) Relative to 1996, farm prices were ___ 8 ___% lower in 2009....
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This document was uploaded on 12/13/2010.
- Spring '09