Purchase Solution

Impact of exports agricultural products

Not what you're looking for?

Ask Custom Question

If a country exports agricultural products and imports other kinds of goods but conditions within the country change so that the production of those agricultural products is reduced and made more expensive, how can that change increase the country's well-being?

Purchase this Solution

Solution Summary

If a country exports agricultural products and imports other kinds of goods but conditions within the country change so that the production of those agricultural products is reduced and made more expensive. Solution discusses the impact of exports agricultural products.

Solution Preview

If a country exports agricultural products and imports other kinds of goods but conditions within the country change so that the production of those agricultural products is reduced and made more expensive. This is a case of demand and supply. Demand is willingness and ability of the consumer to buy the goods at specified price. Law of Demand is that price and demand is inversely related. This means that with an increase in price demand declines and with a ...

Purchase this Solution


Free BrainMass Quizzes
Operations Management

This quiz tests a student's knowledge about Operations Management

Managing the Older Worker

This quiz will let you know some of the basics of dealing with older workers. This is increasingly important for managers and human resource workers as many countries are facing an increase in older people in the workforce

Change and Resistance within Organizations

This quiz intended to help students understand change and resistance in organizations

Understanding the Accounting Equation

These 10 questions help a new student of accounting to understand the basic premise of accounting and how it is applied to the business world.

Cost Concepts: Analyzing Costs in Managerial Accounting

This quiz gives students the opportunity to assess their knowledge of cost concepts used in managerial accounting such as opportunity costs, marginal costs, relevant costs and the benefits and relationships that derive from them.