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Read the article"Wheat hits record as global demand depletes supply' found at
and answer the following questions:
1. How does the drought in Australia affect the price of wheat?
2. How are China and India impacting the price of wheat?
3. The US government pays farmers to grow corn, in order to produce ethanol, a cleaner fuel alternative to gasoline. How do such subsidies impact wheat prices(please incorporate suppy or demand into your answer.)
What were the main reasons behind the recent recession in the US? What impact did it have on the US economy? How did it impact the world economy (if at all)?
1-Do you think that Business practices in an Islamic country are likely to differ from Business practices in the United States? If so, how?
2-Recognize why many economics believe that unrestricted free trade between nations will raise the economic welfare of countries that participate in a free trade system.