0
Add your answer:
Earn +20 pts
What will happen when consumer incomes increase?
The prices of the goods will likely increase as well due to it.
Should the government increase taxes rates on everyone as a way to equalize incomes and wealth?
no
The term normal goods refers to what kind of goods?
Goods that consumers demand more of when their incomes increase
When consumers get more money they tend to substitute normal goods for what kind of goods?
Superior goods are those which experience increased consumption as incomes increase.
Why do farmers suffer from low incomes?
Well, honey, let me break it down for you. Farmers often struggle with low incomes due to a variety of factors such as unpredictable weather conditions, fluctuating market prices, high production costs, and stiff competition. It's a tough gig trying to make a living off the land, but those farmers are some of the hardest working folks out there.
Why couldn't increase farmer's their incomes by planting more crops.?
As farms produced more crops, prices declined..
What will happen when consumer incomes increase?
The prices of the goods will likely increase as well due to it.
In what sense could farmers be considered as belonging to the laboring class?
Farmers can be considered part of the laboring class because they work physically demanding jobs that involve manual labor, such as planting, cultivating, and harvesting crops. They often work long hours and face economic challenges similar to other members of the laboring class, including fluctuating incomes and limited access to resources.
Which-political party benefits more with income increase?
which political party tends to benifit when incomes increase or decrease
Should the government increase taxes rates on everyone as a way to equalize incomes and wealth?
no
What group experienced falling incomes a credit crisis and a poor standard of living in the years before the Great Depression began?
farmers
What was the Soil Bank Plan of 1956?
The Soil Bank Plan of 1956 was a U.S. government program that paid farmers to retire land from production to reduce agricultural surpluses and prevent soil erosion. Farmers received subsidies in exchange for planting cover crops or leaving the land fallow. The program aimed to address soil conservation issues and stabilize farm incomes.
What contributed to the realization of the American dream in 1950s?
The increase in income available for consumerism The growth of household incomes
What contributed to the realization of the American Dream in the 1950s?
. The increase in income available for consumerism The growth of household incomes
The term normal goods refers to what kind of goods?
Goods that consumers demand more of when their incomes increase
Why do some people have trouble saving money even as their incomes continue to increase?
their wants grow with their income
Who is the president of the Philippines and what is his contribution?
Benigno Simeon Cojuangco Aquino III is the president of the Philippines. He has made contributions to Philippine self-sufficiency, education, and the incomes of farmers and fishermen.
