Ask Question
BusinessBusiness
17 February, 00:11

Why would american soybean producers care about the weather in south america? Is this distinction macro, micro, or a mixture of micro and macro?

+1
Answers (1)
  1. 17 February, 03:31
    0
    Answer: Macro

    Explanation:

    This is a macro distinction as the producers of soybean in America are concerned about the crop grown in South America as it will affect the overall price level of soybean in America. When the weather in South America is favorable and the crop produce is large, the supply curve for soybean will shift to the left driving down the overall price level of soybean in America.

    Thus, because the concern here is about the overall produce and overall price level it is a macro distinction.
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “Why would american soybean producers care about the weather in south america? Is this distinction macro, micro, or a mixture of micro and ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers
You Might be Interested in
Jasmine has deposited $100,000 into a single premium immediate annuity. If Jasmine were to die before receiving $100,000 in payments, the balance of the $100,000 would be paid to her sister. Jasmine has selected the: A.
Answers (1)
Sally wanted to replace the old carpet in her home. She entered into a contract with Good Carpet Co. for the purchase and installation of a new carpet. The price of the carpet was $3,000 and the cost of the labor to install the carpet was $150.
Answers (1)
The owners of Arthouse Inc., a national artist supplies chain, are contemplating purchasing Craftworks Inc, a smaller chain.
Answers (1)
The Assembly Department of Interface, Inc., manufacturer of computers, had 1 comma 500 units of beginning inventory in September, and 9 comma 000 units were transferred to it from the Production Department.
Answers (1)
Which is the best example of outsourcing? a us shoe company opens a factory in china and hires chinese workers to make shoes. a us shoe company opens a factory in the us and hires us workers to make shoes.
Answers (1)
New Questions in Business
Carver Packing Company reports total contribution margin of $72,000 and pretax net income of $24,000 for the current month. In the next month, the company expects sales volume to increase by 8%.
Answers (1)
John deposited $2,000, at the end of every month for 2 years in a savings account. if the account paid 6% interest, compounded monthly, use table 12-1 from your text to find the future value of his account.
Answers (1)
Alaska Mining Co. acquired mineral rights for $37,878,000. The mineral deposit is estimated at 21,400,000 tons. During the current year, 2,150,000 tons were mined and solda. Determine the amount of depletion expense for the current year.
Answers (1)
By repeating what you think she said in your own words, you're demonstrating effective ___ skills.
Answers (1)
Credit sales to customers are: Group of answer choices A. Recorded using the Enter Bills window B. Recorded in a Credit Card Sales window C. Recorded using the Create Sales Receipts window D. Recorded using a Create Invoices window
Answers (1)
Home » Business » Why would american soybean producers care about the weather in south america? Is this distinction macro, micro, or a mixture of micro and macro?
Sign Up Forgot Password?