Answer: D. grain farmers and ethanol refiners
Which of the following were helped by the large subsidies the federal government provided for the production of ethanol?
A. taxpayers
B. poor people in less developed countries with largely grain based diets
C. beef producers
D. grain farmers and ethanol refiners
Economics
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Which of the following is true regarding managerial diseconomies?
A) Managerial diseconomies incentivize vertical integration. B) Managerial diseconomies are a cost associated with vertical integration. C) Managerial diseconomies incentivize backward integration. D) Managerial diseconomies incentivize forward integration.
Economics
If those who consumed common resources were subject to a tax that was equal to the external costs that they imposed due to the negative externality created, their demand curve would shift:
A. up and they would consume more. B. down and they would consume less. C. down and they would consume more. D. up and they would consume less.
Economics
An increase in supply of a product results when:
A. taxes on the product are increased. B. the companies that produce the product have higher materials costs. C. technological innovations are introduced in the manufacturing process. D. the government reduces subsidies on the product.
Economics
Daily foreign exchange transactions have grown from about $15 billion in 1973 to over $5 trillion today
Indicate whether the statement is true or false
Economics