C. Higher taxes will act as a deterrent, while raising revenue, which can be used to fund diversified farming and wellness programs. II. People who eat food filled with high fats amount are at a greater risk of facing depression. A. Hamburgers, pizzas and hotdogs heightens the chance of developing depression.
If the price of both black and white and colour televisions falls, consumers buy more of each of them. Yet if consumers’ incomes rise, they buy fewer black and white televisions and more colour televisions. Show why these differences arise between these two types of goods. The ‘law of demand’ states that as the price of a good increases, demand for the same good falls , resulting in a downward sloping demand curve. This indicates an inverse relationship between price and quantity demanded as long as all other factors remain constant.
When companies can produce more due to demand they are able to hire more workers, which can lower the unemployment rate. Lowering the unemployment rate will provide more income tax revenue to the government and fewer citizens taking unemployment benefits. Conversely, when exports decrease consumers pay less money for products causing domestic profits to decline and companies are unable to maintain or increase their workforce causing the unemployment rate to
In general, this indicates that investors are expecting higher earnings in the future. Compared to the industry WFM P/E ratio is above the industry average. Whole Food Market liquidity is higher than its competitors. Whole Foods Market’s quick ratio is 0.81, Kroger’s quick ratio is 0.23 and Safeway Inc. has a quick ratio is 0.23. A ratio of 1.5 or greater is considered adequate to cover short term debts, and a ratio of less than one is a clear warning signal that a company may not be able to pay its short-term debts.
ANS. The demand for chicken would increase. As the price of beef rises, consumers would want to buy less beef and substitute chicken that becomes relatively cheaper. b. In the short run, what happens to the demand for beef?
With reference to extract one, assess the likely effect of a fall in the sterling exchange rate on the UK’s deficit in the trade of goods and services. (12 marks) A fall in the exchange rate of 25% means the pound becomes weaker, this means imports are more expensive, and exports are cheaper. As a result of this, this may mean a large increase in demand for exports and a considerable decrease in demand for imports, therefore decreasing the deficit of the balance of payments in the UK as predicted. However, if the goods we are importing and exporting are inelastic, meaning they have a less than proportional response to price, an increase in the price of imports, and a decrease in the price of exports may not have a great effect on the trade of goods and services and so therefore not improve on the deficit the UK holds. As stated in extract 1, it tells us that the goods we import are not made in the UK and so makes it impossible to replace the imports, therefore meaning that we still have to import goods, despite the high prices due to the low exchange rate of sterling.
This is the same case to the less fortunate who tend to eat more food, when more of it is on offer. Financially, people should seek intervention measures when confronted by adverse health conditions. Afterward, the poor may perish as they lack resources to seek medical attention from health professionals. Economic factors are the determinants of the food one consumes. The fact, that the rich will still get healthy food while the poor survive on low quality foods.
2.If the price of both black and white and colour televisions falls, consumers buy more of each of them. Yet if consumers’ incomes rise, they buy fewer black and white televisions and more colour televisions. Show why these difference arise between these two types of goods. When the price of goods such as televisions that are price elastic to demand fall we tend to consume more of them. Demand is what people want and it is affected by price, income, tastes and price of other goods.
She argues that companies are the only responsible for people becoming obese because they provide a lot of food just for a little of money probably because companies have found out that big meals produce big profits. Besides the companies are changing their menus in order to produce more profits also companies have been changing their products in order to fit with the new shape of the Americans such as clothing lines and furniture have been adapted to the new Americans’ style. She analyzes that at some point of the life, fast-food restaurants are going to destroy each other by competing in order to have the majority of clients. Brownlee considers that probably small quantities like in the 60’s or 70’s can help people to become healthier and avoid the
Exy = (% change in quantity demanded of y)/(% change in price of x) If the result is greater than zero, the item is a substitute good or service. This relationship is one in which the item can easily replace the other. If the price of Dorito’s increases by 10% and the demand for Pringles increases by 4.4%, this relationship is shown to be positive or greater than zero, .044/.10 = .44, therefore they are substitute goods. If the sale of goods move in the opposite direction of each other resulting in a negative number or a number less than zero, the relationship is a compliment good or service. An example is that of hamburger meat and hamburger buns, when the price of ground beef increases by 30%, the price of hamburger buns decreases by 40%.