Answer:
1. A small Caribbean island's economy depends on tourism. However, in recent times, it has seen much less economic activity. Its government decides to let the market correct the situation.
Hayek
2. Flour prices have risen in a country where bread is a staple part of the diet. As a result, bread prices have risen tremendously, in an effort to make bread affordable for its citizens, the government has limited how much bakes can charge for bread.
Keynes
Explanation:
I believe the answer is B!
Answer:
A farmer would chose a luxury crop over a high caloric or nutritionally valued crop because a luxury crop would generate them more profit.
These are non-subsistence crops, ones that are not necessary to survive and be healthy, but luxury goods like the name implies. People are willing to pay more for them for this reason.
Hey You! Here Are The Six General Values:
• Compassion
• Courage
• Relationship
• Achievment
• Recognition
• Responsibility
I Really Hope This Helped You, Good Luck With Your Studies! ;)
