Multiple Choice
Relating to the Economics in Practice on page 253: Ethanol subsidies have increased the supply of corn, and ethanol is a fuel produced from corn. As a result, ________ farm land has increased. Further, supply of ________ has decreased.
A) demand for; corn
B) supply of; other grains
C) demand for; other grains
D) supply of; corn
Correct Answer:
Verified
Correct Answer:
Verified
Q178: Externalities are only inefficient when they impose
Q179: Absent market imperfections, when firms _ profits
Q180: Scientists find that eating corn three times
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Q184: Assume some gain and some lose as
Q185: Society will produce the efficient mix of
Q186: A condition in which no change is
Q187: Refer to the information provided in Figure
Q188: Refer to the information provided in Figure