Ask Question
BusinessBusiness
13 October, 21:03

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

+3
Answers (1)
  1. 13 October, 22:06
    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?
Get 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 there is no answer or all answers are wrong, use a search bar and try to find the answer among similar questions.
Search for Other Answers
You Might be Interested in
3. How do global factors influence the economy in your country?
Answers (1)
Jennifer owns a pig farm near Salina, Kansas. Last year she earned $39,000 in total revenue while incurring $38,000 in explicit costs. She could have earned $27,000 as a teacher in Salina. These are all her revenue and costs.
Answers (1)
An investment counselor calls with a hot stock tip. He believes that if the economy remains strong, the investment will result in a profit of $40 comma 000.
Answers (1)
Jim provides employees the opportunity to self-manage and make decisions over their own work processes. his leadership style is best described as:
Answers (1)
Below are your options for a bank. Look at the banks details and decide which bank you would choose. Be sure to explain your answer. Keys Bank Insured: yes Services: checking, savings, loans, CDs Locations: downtown, near the office Hours: 8 a. m.
Answers (1)
New Questions in Business
The first phase of a comprehensive project risk assessment should be: To develop reasonable estimates of the impacts on the project of both the identified risks and the proposed solutions.
Answers (1)
A gift that might otherwise be viewed as a future interest in a trust can be treated as a present interest gift if:
Answers (1)
Curtain Co. paid dividends of $10,000; $12,500; and $14,000 during Year 1, Year 2, and Year 3, respectively. The company had 2,100 shares of 5.5%, $100 par value preferred stock outstanding that paid a cumulative dividend.
Answers (1)
Describe how legal contracts provide incentives for people to exchange goods and services
Answers (1)
List four wan technologies that are carried over the pstn.
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?