Government and private efforts to promote the production of "gasohol" using corn-based ethanol is an attempt to:
A. Increase the supply of certain farm products
B. Increase the demand for certain farm products
C. Decrease the demand for certain farm products
D. Decrease the supply of certain farm products
B. Increase the demand for certain farm products
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Which of the following statements is false?
A) When the value of a country's imports is greater than the value of its exports, the country's net exports will be a positive value. B) A country is running a trade deficit when the value of its imports is greater than the value of its exports. C) A country is running a trade surplus when the value of its exports is greater than the value of its imports. D) Net exports are sometimes referred to as the balance of trade.
(Consider This) The tragedy of the commons occurs primarily:
A. where government subsidies are present. B. when incentives to preserve are strongest. C. where property rights are lacking. D. on privately held lands.
Most economists explain China's growth after 1980 as primarily due to a more educated population.
Answer the following statement true (T) or false (F)
Refer to Figure 12-4. If the market price is $30 and the firm is producing output, what is the amount of the firm's profit or loss?
A) loss of $1,080 B) loss of $2,520 C) profit of $1,440 D) profit of $1,300