https:/hwwww.youtube.com/watch?v=8rGKIYGO8ZA (Links to an external site.)
Review the power point presentation and complete the following questions.
1. What are at least 3 supply and 3 demand issues discussed in this video? Explain why you selected these 3 as either
demand or supply issues.
2. It’ seems as though this is a good period in history for the average farmer to become richer than rich. Do you agree of
disagree and why? Is this a good time for a startup business in farming? Explain your answers.
3. Staple goods like bread, milk and meat will always be needed in any economy at any time. how has COVID altered
these markets? Have any countries benefited from the COVID pandemic? If so how?
4. How has your country that you selected in the beginning of the class managing their food supplies during COVID?
What type of economies are your countries? Who makes the major food decisions for your two countries?
5. COVID has caused many disruptions to the food supply chains in most countries. Give 2 examples of current food
supply chain problems in the US. Explain
6. Do you think that stockpiling food in the US is a good method to prepare for future pandemics? What are the main
advantages and disadvantages?
7. Will using price ceilings or price floors help the food supplies affected by COVID. Explain your answer.
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