(Consider This) Which of the following has been an effect of the U.S. government's ethanol program?
A. Prices for crops such as soybeans and sorghum have fallen dramatically.
B. Prices for beef, pork, and chicken have risen.
C. Water use has declined as corn is a less water-intensive crop.
D. All of these effects have resulted from the ethanol program.
Answer: B
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If the economy starts in long-run equilibrium, a permanent fiscal expansion will cause
A) an increase in exchange rate, E. B) a decrease in exchange rate, E. C) an increase in output, Y. D) a decrease in output, Y. E) shifting of the AA curve up and to the right.
John is able to take out a loan for $1,000 for one year at an annual interest rate of 10 percent. After calculating his return to be $200, John will:
A. make money on net, and should take out the loan. B. not make money on net, and should not take out the loan. C. not make money on net, and should take out the loan. D. make money on net, and should not take out the loan.
During the latter half of the 1990s, the U.S. saving rate decreased. Will this reduction in the saving rate have a permanent effect on the rate of growth of output per worker? Explain
What will be an ideal response?
According to the text, during which time period did the United States have the highest unemployment rates?
A. 2010s B. 1950s C. 1930s D. 1980s