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What else can I help you with?
What will happen when consumer incomes increase?
The prices of the goods will likely increase as well due to it.
Should the government increase taxes rates on everyone as a way to equalize incomes and wealth?
no
What would happen to the demand for foreign holidays if there was an increase in incomes?
If there is an increase in incomes, the demand for foreign holidays is likely to rise. Higher disposable incomes enable people to spend more on leisure activities, including travel. As individuals have more financial resources, they may prioritize vacations abroad, leading to an increase in demand for foreign holidays. Additionally, the perception of foreign travel as a luxury may shift, further boosting its appeal.
The term normal goods refers to what kind of goods?
Goods that consumers demand more of when their incomes increase
How was the AAA meant to help farmers?
The Agricultural Adjustment Act (AAA), enacted in 1933 as part of the New Deal, aimed to assist farmers by reducing crop production and raising prices. It provided payments to farmers who agreed to limit their acreage and production of certain staple crops, thereby decreasing supply. This approach was intended to stabilize agricultural prices and increase farmers' incomes during the Great Depression. Additionally, the AAA sought to promote soil conservation and sustainable farming practices.
Why couldn't increase farmer's their incomes by planting more crops.?
As farms produced more crops, prices declined..
What will happen when consumer incomes increase?
The prices of the goods will likely increase as well due to it.
Which-political party benefits more with income increase?
which political party tends to benifit when incomes increase or decrease
In what sense could farmers be considered as belonging to the laboring class?
Farmers can be considered part of the laboring class because they work physically demanding jobs that involve manual labor, such as planting, cultivating, and harvesting crops. They often work long hours and face economic challenges similar to other members of the laboring class, including fluctuating incomes and limited access to resources.
Should the government increase taxes rates on everyone as a way to equalize incomes and wealth?
no
What group experienced falling incomes a credit crisis and a poor standard of living in the years before the Great Depression began?
farmers
What was the Soil Bank Plan of 1956?
The Soil Bank Plan of 1956 was a U.S. government program that paid farmers to retire land from production to reduce agricultural surpluses and prevent soil erosion. Farmers received subsidies in exchange for planting cover crops or leaving the land fallow. The program aimed to address soil conservation issues and stabilize farm incomes.
Why do some people have trouble saving money even as their incomes continue to increase?
their wants grow with their income
What contributed to the realization of the American Dream in the 1950s?
. The increase in income available for consumerism The growth of household incomes
What contributed to the realization of the American dream in 1950s?
The increase in income available for consumerism The growth of household incomes
The term normal goods refers to what kind of goods?
Goods that consumers demand more of when their incomes increase
How was the AAA meant to help farmers?
The Agricultural Adjustment Act (AAA), enacted in 1933 as part of the New Deal, aimed to assist farmers by reducing crop production and raising prices. It provided payments to farmers who agreed to limit their acreage and production of certain staple crops, thereby decreasing supply. This approach was intended to stabilize agricultural prices and increase farmers' incomes during the Great Depression. Additionally, the AAA sought to promote soil conservation and sustainable farming practices.
