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If in a given year the indexes of prices received and paid by farmers were 120 and 165, re

If in a given year the indexes of prices received and paid by farmers were 120 and 165, re

If in a given year the indexes of prices received and paid by farmers were 120 and 165, respectively, what would the parity ratio be? Explain the meaning of that ratio.

8. Explain the economic effects of price supports. Explicitly include environmental and global impacts in your answer. On what grounds do economists contend that price supports cause a misallocation of resources?

 

Abhinav 05-Dec-2019

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