Question 1
Imagine that you are a wheat farmer in a country with a command economy. The government has given you an intensive
five-year plan with large quantities of wheat to produce each year on the land you have been allocated. Use this
Information to answer the questions that follow.
Part A
You think this intensive production schedule will deplete the nutrients in the soil, which ensure good wheat. Does this
matter in your wheat-planting decisions? Explain your answer.